China's export growth slows sharply in September

China's exports grew at the slowest pace in five months in September, suggesting manufacturers are no longer rushing out orders ahead of tariffs from several trade partners and that global demand for Chinese goods is softening. Outbound shipments from the world's second-largest economy grew 2.4 percent year on year by value last month, customs data showed on Monday, missing a forecast of six percent increase by a poll of economists. Exports rose 8.7 percent in August. Imports edged up 0.3 percent, missing expectations for a 0.9 percent increase and in contrast to the previous figure of 0.5 percent growth. China's exports grew at their fastest pace in nearly 1.5 years in August, but economists cautioned that officials in the country should avoid becoming too reliant on global demand as they work to bolster overall growth. On Saturday, officials in Beijing announced plans to ramp up debt issuance to aid local governments in managing their debt problems and provide increased support to low-income earners. However, they did not state the size of the fiscal stimulus at the highly anticipated news conference, disappointing markets. Analysts anticipate it will take a long time to restore consumer and business confidence and get the US$19 trillion economy on a more...