China’s exports rose 2.4% in September year-on-year, with imports up 0.3%, per Monday’s customs data.
| Category | Details |
|---|---|
| Export and Import Growth | – Exports: Rose by 2.4% year-on-year in September (USD terms), below the 6% forecast and down from August’s 8.7%. |
| – Imports: Increased by 0.3% year-on-year, below the forecasted 0.9% and slightly up from August’s 0.5% growth. | |
| Regional Trade Performance | United States: |
| – Exports to U.S.: Grew by 2.2%. | |
| – Imports from U.S.: Surged by 6.7%. | |
| ASEAN: | |
| – Exports to ASEAN: Increased by 5.5%. | |
| – Imports from ASEAN: Rose by 4.2%. | |
| European Union: | |
| – Exports to EU: Inched up by 1.3%. | |
| – Imports from EU: Dropped by 4%. | |
| Russia: | |
| – Exports to Russia: Surged by 16.6%. | |
| – Imports from Russia: Fell by 8.4%. | |
| Domestic Inflation and Consumer Demand | – Core Consumer Price Index (CPI): Grew by only 0.1% year-on-year, marking the slowest growth since February 2021. |
| – Tourism-related Prices: Dropped by 2.1% year-on-year, despite the Mid-Autumn Festival and Golden Week holiday. | |
| Upcoming Economic Data Release | – Release Date: The National Bureau of Statistics will release third-quarter GDP and retail sales data on Friday. They will also release industrial production and fixed asset investment data. |
| – Purpose: To provide insights into broader economic health. | |
| Government Stimulus and Market Impact | – Recent Stimulus Measures: Chinese authorities introduced economic support measures in late September, though details on fiscal policy remain limited. |
| – Market Impact: Stock markets in China are volatile, as investors gauge the potential effects of these economic support measures. |
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