China managed in September to record the fastest growth rate in its exports over the past six months of this year, despite the US tariffs on its products.
According to an article published by Bloomberg, citing data released by the Chinese General Administration of Customs on Monday, exports rose by 8.3% in September compared to the same period last year.
This rate exceeded the average expectations of economists in Bloomberg’s survey, which was 6.6%, showing that the flow of Chinese goods to global markets remains at record levels without any notable slowdown.
China’s export strength and the reach of its products to most countries worldwide allowed it to deal with US tariffs with some ease, prompting it to announce comprehensive export controls on products containing even traces of some rare earth elements.
The administration of US President Donald Trump considered China’s decision serious and requiring monitoring, with Trump threatening to cancel his planned meeting with Chinese President Xi Jinping, their first in six years, and announcing plans to impose additional 100% tariffs on Chinese goods, along with broad restrictions on “all kinds of sensitive software.”
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