Trade
China’s Exports to Major Markets Slump, Russian Trade Strong
- Exports to the US, UK, Germany, France fell in September
- Trade with Russia has surged this year, exports expand
Containers at the Yangshan Deepwater Port in Shanghai.
Photographer: Qilai Shen/BloombergThis article is for subscribers only.
China’s exports to many of its largest trade markets contracted in September, more evidence of a slowdown in global demand despite a better-than-expected headline figure.
Exports to the US plunged 11.6% last month from a year ago, falling faster than the 3.8% drop in August, data from the General Administration of Customs showed. Products sold to Germany and France, among the largest trade partners within the European Union, decreased 5.6% and 7.6% respectively, while exports to the United Kingdom dropped 11.8% in September.