China’s Exports or outbound to shipments fell by 6% year-on-year in the January to September period, China’s Customs Spokesman said on Monday, according to Reuters.
Key quotes
Stable domestic growth provided strong cushion for China to counter its external challenges.
Trade development in future still complicated and severe.
Full-year trade will maintain the trend of being overall stable.
China exports to US Down -6% y/y in Jan-sept, imports from US -22.5% in yuan terms.
China’s exports to US -10.7% in USD terms during Jan-sept.
Trade frictions with the US Brought some pressure to china’s trade.
Jan-sept imports from the US down -26.4% y/y in USD terms.
Latest China-US trade talks had a favourable outcome in some areas.
China and US Talked about future consultation plans and agreed to work on reaching a final deal.
Believes this will be conducive to the expansion of China-US trade.
Share
