China’s exports weaken in September, imports up 0.3%

Oct 23, 2022, 7:40 PM | Updated: Oct 24, 2022, 7:53 pm
In this photo released by Xinhua News Agency, a high-speed electric passenger train, customized for...

In this photo released by Xinhua News Agency, a high-speed electric passenger train, customized for the Jakarta-Bandung High-Speed Railway (HSR) project, is loaded onto a vessel in Qingdao Port in eastern China's Shandong Province, Aug. 18, 2022. China reported Monday, Oct. 24, 2022 economic growth rises to 3.9% over a year ago in latest quarter, up from 0.4% in previous quarter. (Jiang Chao/Xinhua via AP)

(Jiang Chao/Xinhua via AP)

BEIJING (AP) — China’s export growth weakened in September as global consumer demand cooled while imports rebounded from a contraction after Chinese economic growth improved.

Exports rose 5.7% over a year earlier to $322.8 billion, down from August’s 7% growth, official data showed Monday. Imports gained 0.3% to $238 billion, recovering from the previous month’s 0.2% contraction.

Forecasters expected Chinese exports to weaken in the second half of 2022 after the Federal Reserve and central banks in Europe and Asia dampened consumer demand by raising interest rates to cool inflation that is at multi-decade highs.

China’s global trade surplus widened by 26.9% over a year ago to $84.7 billion.

Imports from Russia, mostly oil and gas, rose 55% over a year earlier to $10.7 billion but were off about 5% from August.

China can buy Russian energy without violating Western sanctions imposed to penalize Moscow for its invasion of Ukraine, and rising Chinese purchases to take advantage of discounted prices have irked Washington by helping to buoy President Vladimir Putin’s cash flow from oil and gas exports.

Exports to the United States shrank 11.6% from a year earlier in September to $50.8 billion while imports of American goods edged down 4.6% to $14.7 billion. The politically volatile trade surplus with the United States shrank by 14.1% from a year earlier to $36.1 billion.

Washington and Beijing have yet to resume face-to-face negotiations aimed at ending a tariff war since the inauguration of President Joe Biden in January 2021. His Chinese counterpart, Xi Jinping, was named Sunday to a third five-year term as Communist Party leader, meaning he will be reappointed to the ceremonial post of president next year.

Exports to the 27-nation European Union tumbled 23.9% to $47 billion while imports of European goods plunged 40.9% to $23.8 billion. China’s trade surplus with the EU widened by 8% from a year earlier to $23.2 billion.

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

AP

Britain's Prince William and Kate, Princess of Wales, watch the NBA basketball game between the Bos...
Associated Press

Racism row erupts as William and Kate visit Boston

LONDON (AP) — Prince William’s office said “racism has no place in our society” as he sought to prevent the backlash over his godmother’s treatment of a Black advocate for survivors of domestic abuse from overshadowing his trip to the United States. Lady Susan Hussey, 83, resigned Wednesday as an honorary member of the royal […]
4 hours ago
Associated Press

Iran’s national soccer team receives subdued welcome home

BAGHDAD (AP) — Iran’s national soccer team received a subdued welcome home after its World Cup defeat against the United States, a match played against the backdrop of ongoing anti-government protests in Iran. The players returned to Iran late Wednesday, a day their 1-0 loss. Anti-government protesters, considering the team a symbol of the regime, […]
4 hours ago
A child wearing a face mask and riding on a scooter passes by a worker in protective suit on his wa...
Associated Press

China eases some virus controls, searches pedestrians

BEIJING (AP) — More Chinese cities eased some anti-virus restrictions as police patrolled their streets to head off protests Thursday while the ruling Communist Party prepared for the high-profile funeral of late leader Jiang Zemin. Guangzhou in the south, Shijiazhuang in the north, Chengdu in the southwest and other major cities announced they were easing […]
4 hours ago
Professor Sean Turnell and his wife Dr. Ha Vu attend Question Time in the House of Representatives ...
Associated Press

Australian jailed in Myanmar applauded in Parliament

CANBERRA, Australia (AP) — Sean Turnell, an Australian economist who spent almost two years imprisoned in Myanmar, received a hero’s welcome Thursday at Australia’s Parliament House where lawmakers rose in a standing ovation and the prime minister praised his courage, optimism and resilience. Turnell, an adviser to Myanmar’s elected leader Aung San Suu Kyi, was […]
4 hours ago
In this photo released by Xinhua News Agency, Chinese President Xi Jinping, right, shakes hands wit...
Associated Press

China’s Xi urges Ukraine talks in meeting with EU’s Michel

BEIJING (AP) — Chinese leader Xi Jinping urged negotiations on a political solution to the Ukraine conflict in talks with visiting European Council President Charles Michel in Beijing Thursday, state broadcaster CCTV said. Xi was quoted as saying that “solving the Ukrainian crisis through political means is in the best interest of Europe and the […]
4 hours ago
Witalij Miskow, 45, speaks about his mental trauma at a clinic which treats veterans for PTSD, post...
Associated Press

‘Do something:’ Ukraine works to heal soldiers’ mental scars

KYIV, Ukraine (AP) — Sleep plunges the soldier back into the horrors of Ukraine’s battlefields. He can hear bombs falling again and picture explosions. He imagines himself frantically running, trying to save himself and others. The nightmares are so vivid and frightening that he pleads with his doctor for help. “It will blow my mind,” […]
4 hours ago

Sponsored Articles

...
Quantum Fiber

How high-speed fiber internet edges out cable for everyday use

In a world where technology drives so much of our daily lives, a lack of high-speed internet can be a major issue.
(Photo via MLB's Arizona Fall League / Twitter)...
Arizona Fall League

Top prospects to watch at this year’s Arizona Fall League

One of the most exciting elements of the MLB offseason is the Arizona Fall League, which began its 30th season Monday.
...
SCHWARTZ LASER EYE CENTER

Key dates for Arizona sports fans to look forward to this fall

Fall brings new beginnings in different ways for Arizona’s professional sports teams like the Cardinals and Coyotes.
China’s exports weaken in September, imports up 0.3%