{"id":78135,"date":"2023-11-07T09:36:12","date_gmt":"2023-11-07T04:06:12","guid":{"rendered":"https:\/\/www.panasiabiz.com\/?p=78135"},"modified":"2023-11-07T09:36:36","modified_gmt":"2023-11-07T04:06:36","slug":"chinas-trade-surplus-shrinks-to-17-month-low-as-exports-fall","status":"publish","type":"post","link":"https:\/\/www.panasiabiz.com\/78135\/chinas-trade-surplus-shrinks-to-17-month-low-as-exports-fall\/","title":{"rendered":"China&#8217;s Trade Surplus Shrinks to 17-Month Low as Exports Fall"},"content":{"rendered":"<div class=\"00ba2ea1e89e4fb1d872766a824ce9ca\" data-index=\"1\" style=\"float: none; margin:0px 0 0px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4548851803450666\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- PAB Below Title: July 2022 -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4548851803450666\"\r\n     data-ad-slot=\"5491464168\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n\n<p>Chinese exports fell further in October, hitting a 17-month low, as weak <a href=\"https:\/\/www.panasiabiz.com\/77296\/chinese-millionaire-withdraws-780k-demands-manual-count-by-bank-staff\/\">global demand <\/a>and the country&#8217;s zero-COVID policy continued to weigh on trade, Reuters reported on November 7, 2023.<\/p>\n\n\n\n<p>According to data from the General Administration of Customs, exports in October fell 0.3% from a year earlier after declining 5.7% in September. Imports rose 0.7%, leading to a trade surplus of $73.5 billion, the smallest since May 2022.<\/p><div class=\"00ba2ea1e89e4fb1d872766a824ce9ca\" data-index=\"3\" style=\"float: none; margin:0px 0 0px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4548851803450666\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block; text-align:center;\"\r\n     data-ad-layout=\"in-article\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-client=\"ca-pub-4548851803450666\"\r\n     data-ad-slot=\"5571662702\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n\n\n\n\n<p>A drop in shipments of electronics, machinery, and textiles largely drove the decline in exports. Exports to the United States fell 12.6%, while those to the European Union fell 9.2%.<\/p>\n\n\n\n<p>&#8220;The weak export data is a further sign that China&#8217;s economy is slowing,&#8221; said Julian Evans-Pritchard, China economist at Capital Economics. &#8220;The global slowdown is weighing on demand for Chinese goods, and the zero-COVID policy is disrupting production and supply chains.&#8221;<\/p>\n\n\n\n<p>The Chinese government has vowed to support exporters. Still, analysts say it is easier to see a significant export rebound once the global economy picks up and the zero-COVID policy is relaxed.<\/p>\n<div class=\"00ba2ea1e89e4fb1d872766a824ce9ca\" data-index=\"2\" style=\"float: none; margin:0px 0 0px 0; text-align:center;\">\n<script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4548851803450666\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- PAB Post end July 2022 -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4548851803450666\"\r\n     data-ad-slot=\"1552219158\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script>\n<\/div>\n\n<div style=\"font-size: 0px; height: 0px; line-height: 0px; margin: 0; padding: 0; clear: both;\"><\/div>","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>Chinese exports fell further in October, hitting a 17-month low, as weak global demand and the country&#8217;s zero-COVID policy continued to weigh on trade, Reuters <a class=\"mh-excerpt-more\" href=\"https:\/\/www.panasiabiz.com\/78135\/chinas-trade-surplus-shrinks-to-17-month-low-as-exports-fall\/\" title=\"China&#8217;s Trade Surplus Shrinks to 17-Month Low as Exports Fall\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":78136,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1734,44],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>China&#039;s Trade Surplus Shrinks to 17-Month Low as Exports Fall<\/title>\n<meta name=\"description\" content=\"Chinese exports fell further in October, hitting a 17-month low, as weak global demand and the country&#039;s zero-COVID policy continued to weigh on 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