China's Exports to US Drop in September, While Rise in Global Shipments Hits a 6-Month High

China's exports to the United States fell 27 per cent 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 per cent higher than a year earlier, at USD 328.5 billion, surpassing economists' estimates. That was markedly better than the 4.4 per cent year-on-year increase in August. China's exports to the United States have fallen for six straight months.

In August they dropped 33 per cent. The outlook is cloudy as a truce between Beijing and Washington unravels and both sides hit out with new tariffs and other retaliatory measures.

As exports to the United States have come under pressure from US President Donald Trump's policies aimed at trying to get manufacturers to shift factories to America, China has expanded markets for its products in other regions. (AP) RD RD