China has reported its exports to the United States fell 27% in September from the year before, even though growth in its global exports hit a six-month high.

China’s exports to the United States fell 27% in September from the year before, even though growth in its global exports hit a six-month high.

Customs figures released Monday showed that China’s worldwide exports were 8.3% higher than a year earlier, at $328.5 billion, surpassing economists’ estimates. That was markedly better than the 4.4% year-on-year increase in August.

Imports grew 7.4% last month, significantly better than a 1.3% increase by year in August, although a weaker domestic economy and a real estate sector downturn continue to weigh on demand and consumption.

China’s exports to the United States have fallen for six straight months. In August they dropped 33%.

  • Fit_Series_573@lemmy.world
    1·
    15 hours ago

    This might be a bigger year than usual for being gifted digital services than traditional gifts with there looking like there will be less stock of physical products. Isn’t Walmart apparently no longer stocking the Xbox soon too? Gamepass can be played on anything that gamer already has, so one for the best examples I can make of that kind of change.