China: exports and imports fell down in September

Since global demand of Chinese trade data decreased, China’s imports and exports fell down in the last month comparing with last year for 20.4% and 3.7% accordingly.

Exports slumped less than economists had expected, but the market remains very weak.

Imports in September fell 20.4% from a year earlier, the fastest rate of decline since June 2009.

Even attempt to shift from an export-led economy to a consumer-led one does not help a lot due to lower commodity prices and weaker domestic demand during the year.

Generally, growth momentum remains feeble and the third-quarter GDP growth report to be released next week with expectations of decrease for 6.4% compared with 7% in first half.