China’s export growth slows unexpectedly in September, dimming economic outlook

Quick Summary:

China’s export growth unexpectedly slowed in September, curbing a trade rebound that has been a bright spot for a weakening economy that policymakers are relying on manufacturing to power.

Chinese exports have powered the economy this year with shipments through September soaring to the second highest value on record.

The bank, however, maintained its predictions for slower growth for 2026 and beyond, citing factors including a global push by countries and companies to reduce their reliance on China in their supply chains.

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Article Details

Author / Journalist: Bloomberg

Category: BusinessStartups

Markets: PhilippinesBrazilCanadaChinaJapanSouth KoreaTaiwan

Topics: Percent Demand Billion Trade Growth Year President Exports September China’s Export

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-14 @ 14:36:53 (17 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 537 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 36 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23042573

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Official Website: businessmirror.com.ph

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