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  HOME | Business & Economy (Click here for more)

China’s Exports Fell 5.6% in September

BEIJING – China’s exports fell 5.6 percent year-on-year in yuan terms in September, while imports increased by 2.2 percent, according to official data released on Thursday.

In September, China’s total foreign trade reached $323.5 billion, 2.4 percent less than in September 2015.

Between January and September, Chinese exports declined 1.6 percent and imports decreased by 2.3 percent, according to data from the General Administration of Customs.

The total volume of Chinese trade, when calculated in yuan, fell by 1.9 percent during the first nine months of the year.

China’s trade surplus in September reached $41.5 billion, while in the first nine months of the year, the surplus reached $385.8 billion.

These data show a new weakening of Chinese foreign trade after its recovery in July and August when Chinese exports recorded consecutive increases.

After the release of this data, the Hong Kong Stock Exchange significantly extended the losses with which it had opened the trading session Thursday and by midday it was down 1.12 percent with similar negative reactions in Shanghai and Shenzhen trading floors.

 

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