China's exports and imports grew far less than expected in September

Published On Oct 14, 2024, 4:20 AM

China's trade data for September showed exports growing by only 2.4% and imports by 0.3%, both significantly below market expectations of 6% and 0.9% respectively. Exports have been a bright spot for China's economy, but the sluggish growth reflects persistent challenges in domestic consumer demand and the real estate sector. This data comes amid rising concerns over economic performance and inflation, indicating ongoing pressures on Chinese authorities to bolster the economy.