China's Exports And Imports Experience Slower Rate Of Decline For Second Straight Month

China's exports and imports experienced a slower rate of decline for the second consecutive month in September, as indicated by recent customs data released.

Outbound shipments in September declined by 6.2% compared to the previous year, following an 8.8% drop in August.

This development contributes to the recent signs of a gradual stabilization in the world's second-largest economy, thanks to various policy support measures.

While the trade report may offer some encouragement to authorities, significant challenges persist in an economy grappling with ongoing deflationary pressures, a prolonged property crisis, a slowdown in global growth, and geopolitical tensions.

Outbound shipments in September declined by 6.2% compared to the previous year, following an 8.8% drop in August, which exceeded economists' expectations of a 7.6% fall in a Reuters poll.

These figures align with the findings of a recent official factory survey, conducted two weeks ago, which indicated improvement last month.

This improvement can be attributed in part to the peak export shipping season for Christmas products and favorable base effects.

Xu Tianchen, a senior economist at the Economist Intelligence Unit, noted, "There is increasing evidence that the cyclical upturn in the global electronics sector is contributing to the stabilization of global trade, and China's trade data is the latest indicator of this trend.

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