China's strong export growth is facing headwinds due to slowing global demand.CFOTO/Future Publishing/Getty ImagesChina's export growth slowed in September, raising concerns about future economic stability.The slowdown is attributed to weakening external demand and logistical disruptions.China may delay further economic stimulus ahead of the US election, anticipating potential tariffs.China's economy hasn't been doing great for a while, but the manufacturing giant could always count on its exports.Now, those exports may be in jeopardy even before the US presidential election in November — the results of which could hit those goods even more.In September, China exported $303.7 billion worth of goods, which was 2.4% higher than a year ago, official data released Monday showed.
Even The Strongest Pillar Of The Chinese Economy Is Showing Signs Of Weakness
htan@insider.com (Huileng Tan), Business Insider
Tue, 10/15/2024 - 12:19am
Topics: cfoto/future publishing/getty imageschina reuters south korea lu daliang china's general administration customs nomura bofa securities china's september february west rory green globaldata ts lombard republican business insider china november september eu us august china's donald trump beijing green trump chinese economy weakness year growth export exports economic slowdown demand tariffs wrote election presidential facing headwinds external monday attributed due case weakening logistical imports candidate slower conference expected showed goods press high wins decline keeping including economists consumer
BING NEWS:
- Even the strongest pillar of the Chinese economy is showing signs of weakness
China's exports grew 2.4% on-year in September, posting its lowest growth in five months as global demand slowed.
10/14/2024 - 8:22 pm | View Link - Prices in China are stagnating, putting more pressure on Beijing to jump-start the economy
Consumer prices rose marginally in September and producer prices fell sharply, stoking demand for government stimulus to boost the Chinese economy.
10/14/2024 - 12:37 am | View Link - Asian shares gain after China says more help is needed for its slowing economy
Asian shares have started the week on a high note, with stocks in China rising more than 1% after the finance minister said over the weekend that more stimulus is needed for the slowing economy ...
10/13/2024 - 8:07 pm | View Link - More
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