China's Export Slowdown: Global Trade Challenges and Economic Strategies

China's export growth slowed sharply in September due to weakened global demand, creating concerns over economic recovery. Despite an annual increase in exports, the trade surplus decreased and import growth was sluggish. Policymakers in Beijing are introducing measures to boost growth amidst growing trade challenges.

In September, China's export growth sharply decelerated as global demand weakened, intensifying concerns over economic recovery in the world's second-largest economy. Data from the Chinese customs office revealed that exports rose 2.4% from a year earlier, a steep drop from the 8.7% growth observed in August.

Imports showed only a minor increase of 0.3% during the same period. Economists had predicted stronger figures, estimating a 6% rise in exports and a 0.9% increase in imports. Meanwhile, China recorded a trade surplus of USD 81.7 billion in September, down from USD 91 billion in August, signaling fading momentum in trade as an economic driver.

A suite of government measures has been announced to stimulate the economy, including advancing 200 billion Yuan for infrastructure projects. Finance Minister Lan Foan has hinted at further economic initiatives, though substantial stimulus has yet to materialize. Nevertheless, analysts warn that growing trade barriers, especially from the US and Europe, present an increasing challenge.

(With inputs from agencies.)