China’s exports fell 5.6 percent year-on- year in yuan terms

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China’s exports fell 5.6 percent year-on- year in yuan terms in September, figures showed on Thursday, as sluggish demand weighed on the world’s second-largest economy. Customs said exports fell to 1.22 trillion yuan (around $180 billion) in the month.

Imports rose 2.2 percent year-on-year to 944.79 billion yuan, with the monthly trade surplus plummeting 25.0 percent to 278.35 billion yuan, reports BSS.

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“There remain obvious obstacles facing China’s foreign trade development,” Customs said in a statement.

China is crucial to the global economy and its performance affects partners from Australia to Zambia, which have been battered by its slowing growth.

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