China’s exports grew at their fastest pace in six months despite continued pressure from U.S. tariffs, reports The Wall Street Journal. In September, China’s exports rose 8.3% year-on-year, driven by stronger shipments to the European Union and Southeast Asian countries, while exports to the United States continued to decline.
China’s exports in September showed the fastest acceleration in six months despite continued pressure from U.S. tariffs.
According to the paper, the volume of Chinese exports rose 8.3% compared with the same month last year, up from 4.4% in August. Shipments to the United States fell 27% year-on-year, extending the decline that has persisted since April.
Exports to the European Union—China’s second-largest trading partner—rose 14.2%, the strongest pace in more than three years. Shipments to members of the Association of Southeast Asian Nations increased by 15.6%.
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Economists note that the impact of U.S. tariffs on China’s economy will remain moderate, as shipments to the United States now account for only about 10% of China’s total exports.