China’s September exports expected to drop by 3%
China’s exports fell at a slightly faster pace in September as reducing global demands and U.S. tariffs intensified. Meanwhile, imports shrank for a fifth month straight, suggesting that pressure on the economy has been increasing.
As more U.S. tariff measures against China are set to take effect on the 15th of October and December, hopes grow for a partial deal that would delay the tariffs at the least.
China’s September exports are expected to have fallen 3% from a year earlier, according to the median estimate of 28 economists in a poll.
Fitch Ratings said in a recent report that it expects exported-oriented Chinese technology companies to remain under pressure as customers moved their supply chains away from China.