China's Exports Up Solidly But Slowing Imports Dim Trade Outlook

September 10, 2024, 03.46 PM | Source: Reuters

ILUSTRASI. SUZHOU, CHINA - JUNE 4, 2024 - A batch of cars are about to be exported via frame transport at the Taicang Port Automobile terminal in Suzhou, Jiangsu province, China, June 4, 2024. In April 2024, the total import and export volume of automobile goods was US $25.51 billion, an increase of 6.88% from the previous month and 7.49% from the previous year. From January to April 2024, the cumulative import and export volume of auto goods in the country was 93.78 billion US dollars, an increase of 6%. (Photo by CFOTO/Sipa USA)No Use China.

CHINA - BEIJING. China's exports grew at their fastest pace in nearly 1-1/2 years in August, suggesting manufacturers are rushing out orders ahead of tariffs expected from a growing number of trade partners, while imports disappointed amid weak domestic demand.

The mixed trade data highlights the challenge facing Beijing as policymakers try to bolster overall growth without becoming too reliant on exports especially given the tightening of consumers' purse strings.

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