China ’s exports to many major trading markets have shrunk in September, further proven that global demand is slowing.
Bloomberg reported that data from the General Administration of Customs of China showed that last month's exports to the United States fell 11.6%year -on -year, a decrease of 3.8%in August.In September, exports to Germany and France, the largest trading partners in the European Union in September, decreased by 5.6%and 7.6%, respectively, and exports to Britain 11.8%.
During the epidemic, trade is a reliable source of China's economic growth. However, in the past few months, with the weakening of global demand and concerns about the economic recession of the United States and Europe, trade has quickly lost motivation.
Although the export increase of 5.7%in the US dollar is better than the 4%of the Bloomberg survey economist's prediction, the decline in major trading partners may not last long.
Compared with the weakness of other countries, China ’s exports to Russia in September have increased by 21.2%, and the double -digit growth has been achieved for the third consecutive month.EssenceChina's total trade with Russia this year has increased by 32.5%, the largest among major partners.
The exports of Singapore, Malaysia, India and Italy have grown strongly, which has increased at least 30%so far this year.
It is reported that car sales are still highlights, and the strong demand for Chinese electric vehicles has promoted exports to increase significantly.In September, the export volume of the US dollar increased by 129%year -on -year, while electric vehicle exports surged by 231%.
