Macroeconomics

China Sept Export Growth Hits 5-Month Low as Global Demand Cools

October 14, 2024, 04.06 PM | Source: Reuters
China Sept Export Growth Hits 5-Month Low as Global Demand Cools

ILUSTRASI. A car carrier loaded with cars for export is leaving the port of Yantai, Shandong Province, China, on March 11, 2024. (Photo by Costfoto/NurPhoto)NO USE FRANCE

CHINA - BEIJING. China's exports grew at the slowest pace in five months in September, suggesting manufacturers are no longer rushing out orders ahead of tariffs from several trade partners and that global demand for Chinese goods is softening.

Outbound shipments from the world's second-largest economy grew 2.4% on year by value last month, customs data showed on Monday, missing a forecast 6.0% increase in a Reuters poll of economists. Exports rose 8.7% in August.

Read Also: Singapore Central Bank Keeps Monetary Policy Unchanged as Growth Picks Up in Q3

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