China's export growth slowed to 2.4% in September due to weaker global demand and trade barriers.

China's export growth significantly slowed in September to 2.4%, down from 8.7% in August, amid weakening global demand and increased trade barriers from the U.S. and Europe. Imports rose only 0.3%, reflecting sluggish domestic demand, particularly due to a protracted slump in the property sector. China's trade surplus was $81.7 billion, lower than August's $91 billion. Overall, concerns are mounting about the country's ability to achieve its 5% economic growth target for the year.

October 14, 2024
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