Chinese exports fell 3.2 per cent 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.
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 per cent last month while its exports to the country fell 10.7 per cent.
The data from China’s General Administration of Customs showed the overall decline in the country’s exports was far steeper than a 1 per cent fall in August and slightly higher than the 3 per cent drop forecast for September by economists polled by Reuters.
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