China Says August Exports Beat Expectations, Jumping 9.5%

Data from the General Administration of Customs in China showed that Chinese exports denominated in dollars exceeded expectations, rising by 9.5% for August compared to last year. Meanwhile, China’s dollar-denominated imports in August were down 2.1% from a year ago.

Economists polled by Reuters had expected exports to rise by 7.1% in August from last year, compared with an increase of 7.2% in July, while imports were expected to increase by 0.1% in August compared to last year, reflecting a 1.4% decline in July.

China recorded a trade surplus of 58.93 billion dollars for the month of August, surpassing the $ 50.50 billion economists had expected. China’s trade surplus was $ 62.33 billion in July.