China’s Foreign Trade Reaches High for 2023 in September

Estimated read time 1 min read

According to official data released on Friday, China’s foreign trade in September experienced month-over-month growth for the second consecutive month, with trade volume reaching a new monthly high for the year. This is the latest sign that the world’s second-largest economy is on the road to recovery as stimulus takes effect and market confidence grows.

The General Administration of Customs reports that imports and exports increased in both August and September for two straight months. Notably, the volume of imports and exports touched 3.74 trillion yuan ($511.9 billion), a new monthly high for the year.

A number of positive variables, including better domestic economic performance, are anticipated to continue supporting China’s international trade activities. With August seeing stronger growth in industrial added value and retail consumption compared to the prior month, the domestic PMI index has increased for four months running.

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E.F Team

Our team at Eastern Finance is made up of young and knowledgeable professionals who are here to provide you with business news from an eastern perspective.

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