China’s September exports expected to drop by 3%

China’s September exports expected to drop by 3%

China’s exports fell at a slightly faster pace in September as reducing global demands and U.S. tariffs intensified. Meanwhile, imports shrank for a fifth month straight, suggesting that pressure on the economy has been increasing.

As more U.S. tariff measures against China are set to take effect on the 15^th of October and December, hopes grow for a partial deal that would delay the tariffs at the least.

China’s September exports are expected to have fallen 3% from a year earlier, according to the median estimate of 28 economists in a poll.

Fitch Ratings said in a recent report that it expects exported-oriented Chinese technology companies to remain under pressure as customers moved their supply chains away from China.