• India
  • Business
  • World
  • Politics
  • Sports
  • Technology
  • Entertainment
  • Auto
  • Lifestyle
More
InspirationalCareerBengaluruDelhiMumbai
Hindi Tamil Telugu
More
In the news
Narendra Modi
Amit Shah
Box Office Collection
Bharatiya Janata Party (BJP)
OTT releases
Hindi Tamil Telugu
User Placeholder

Hi,

Logout

India
Business
World
Politics
Sports
Technology
Entertainment
Auto
Lifestyle
Inspirational
Career
Bengaluru
Delhi
Mumbai

Download Android App

Follow us on
  • Facebook
  • Twitter
  • Linkedin
Home / News / Business News / China's international trade fell 6.2% in September
Next Article
China's international trade fell 6.2% in September
Demand for Chinese exports weakened after central banks worldwide began raising interest rates to cool inflation

China's international trade fell 6.2% in September

By Rishabh Raj
Oct 13, 2023
11:54 am

What's the story

China's exports and imports took a hit in September, both dropping 6.2% compared to last year.

Customs data revealed that exports fell to $299.13 billion (Rs. 24.9 lakh crore), marking the fifth month in a row of decline.

Imports also dipped to $221.43 billion (Rs. 18.4 lakh crore). Despite these setbacks, China managed to post a trade surplus of $77.71 billion (Rs. 6.5 lakh crore), up from August's $68.36 billion (Rs. 5.7 lakh crore).

Details

Global economic recovery affects China's exports

Lu Daliang, a spokesperson for China's General Administration of Customs, explained that the shaky recovery of the global economy from the pandemic was the biggest challenge for China's exports.

As central banks worldwide, like the US Federal Reserve and those in Europe and Asia, started raising interest rates last year to fight inflation, demand for Chinese exports weakened.

You're
50%
through

What Next?

China's economy and policy support measures

China's economy has been slowing down at a more gradual pace after its leaders enacted various policy support measures in recent months.

The central bank has relaxed borrowing rules and lowered mortgage rates for first-time homebuyers, while also providing tax relief for small businesses.

However, the property sector remains a drag on the economy, with sales plummeting and developers struggling to repay huge debts.

Done!
Facebook
Whatsapp
Twitter
Linkedin
Related News
Latest
China

Latest

OTT: When, where to watch 'Final Destination Bloodlines' Netflix
Zimbabwe fall short in Test warm-up against County XI Zimbabwe Cricket Team
Carlos Alcaraz makes records with 7th ATP Masters 1000 title Carlos Alcaraz
Beyond 'War 2': Exploring Jr NTR's future in Spy Universe Bollywood

China

Strange things that you will only find in China Travel And Tourism
Chinese G20 delegates had not one, but 20 'suspicious' bags G20 Summit
China Evergrande's shares plunge 25% amid staff detentions Stock Market
Taiwan detects 103 Chinese warplanes near island in 24 hours Taiwan
Indian Premier League (IPL) Celebrity Hollywood Bollywood UEFA Champions League Tennis Football Smartphones Cryptocurrency Upcoming Movies Premier League Cricket News Latest automobiles Latest Cars Upcoming Cars Latest Bikes Upcoming Tablets
About Us Privacy Policy Terms & Conditions Contact Us Ethical Conduct Grievance Redressal News News Archive Topics Archive Download DevBytes Find Cricket Statistics
Follow us on
Facebook Twitter Linkedin
All rights reserved © NewsBytes 2025