China‘s Exports Rebound, Signaling Resilience amid Global Headwinds
BEIJING, Oct. 8 – China’s exports unexpectedly rose 8.3% in September, marking the first increase since March and offering a potential sign of resilience in the world’s second-largest economy despite ongoing global economic uncertainty. The rebound comes as China navigates shifting trade dynamics and increasing geopolitical tensions, especially with the United States.
The positive export figures suggest China is successfully diversifying its trade relationships and adapting to challenges like potential tariffs and slowing demand from traditional partners. While the U.S. remains a notable market,China is increasingly focusing on growth in regions like the European Union,Southeast Asia,and Africa. This shift is crucial as concerns mount over a potential escalation of trade disputes and a broader global economic slowdown.
Exports to the US decreased by 27% in September compared to the previous year, though the decline narrowed from August’s 33.1% drop.Simultaneously, exports to the EU increased by 14.2%, and those to Japan rose by 1.8%. According to customs data, exports to India reached a record high in August, and shipments to Africa and Southeast Asia are projected to achieve record levels for the year.
“S. accounts for less than 10% of China’s direct exports. A 100% tariff will definitely increase pressure on China’s export sector,but I don’t think it will have as big of an impact as before,” said xu,as reported by Reuters.
However, indicators suggest domestic demand remains a concern. South Korea’s exports to China, often viewed as a barometer for Chinese imports, increased by only 0.5% in September. The overall trade surplus for September was $90.45 billion, down from $102.33 billion in August and below expectations of $98.96 billion.
