BEIJING: China's exports fell at a faster pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for more stimulus as the Sino-US trade war drags on.
September exports fell 3.2 per cent from a year earlier, the biggest fall since February, customs data showed on Monday. Analysts had expected a 3 per cent decline in a Reuters poll after August's 1 per cent drop. Despite more than a year of growth-boosting measures, China's domestic demand has remained stubbornly weak as economic uncertainty weighs on business and consumer confidence and discourages fresh investment.China reported a trade surplus of US$39.65 billion last month, compared with a US$34.84 billion surplus in August. Analysts had forecast US$33.3 billion.
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