Chinas export growth in October has fallen for the first time in more than two y

> Due to the weakening of demand due to the rise in the risk of global economic recession, China's export growth in October has declined for the first time in more than two years.NotBloomberg reported that the General Administration of Customs of China announced on Monday (November 7) that exports of US dollars in October decreased by 0.3%year -on -year, far lower than the increase in economists' forecast by 4.5%, and also below 5.7%in September.EssenceNotIt also fell 0.7%year -on -year, the first decline since August 2020.In October, the trade surplus rose to $ 85.1 billion (about S $ 119.805 billion), and in September of $ 85 billion.NotWeakness increases the pressure of China's economy. Due to the downturn in the real estate market, the continuous interference of the epidemic prevention control, and the weak consumer expenditure, the economy has fallen into trouble.In the past two years, due to the strong international purchasing power, export toughness has always been the main support of China's economic recovery, but as the European War has intensified global inflation and uncertainty, the demand from the epidemic disappears, this situation seems to have reversed.NotA spokesman for the Ministry of Commerce Shu Tingting said that the momentum of foreign demand will be weakened further.At a routine briefing of last month, she said that in the fourth quarter, as the world economy and global trade growth weakened, the development of foreign trade development was becoming increasingly complicated, uncertainty is still increasing, and the risk of slowdown in demand growth has increased.NotZhang Zhiwei, president and chief economist (transliteration), president and chief economist of Pinpoint Asset Management (transliteration), said: "Weak export growth may reflect not only the weak external demand, but also the supply of supply caused by the crown disease.Slowly, I expect export growth in the next few months to remain weak. "