Chinese exports fell 3.2% year-on-year in September—the biggest monthly decline since February—underlining the impact of the trade war with the US and softer global demand on the world’s second largest economy, reported the Financial Times.
The figures, whose release follows the agreement of a truce in the trade war between Washington and Beijing last week, showed that China’s imports from the US dropped 26.4% last month while its exports to the country fell 10.7%.
The data from China’s General Administration of Customs showed the overall decline in the country’s exports was far steeper than a 1% fall in August and slightly higher than the 3% drop forecast for September by economists polled by Reuters.
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