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- Chinese exports and imports mixed in August
Chinese exports and imports mixed in August
China's exports increased at a slower pace in August on softening global demand, while imports growth exceeded expectations.
Exports increased 5.5 percent year-on-year in August, slower than July's initially estimated 7.2 percent growth, data from the General Administration of Customs revealed Friday, cited by rttnews. Shipments were forecast to grow 6 percent.
At the same time, imports advanced 13.3 percent annually, faster than the expected growth of 10 percent.
As a result, the trade surplus totaled $42 billion in August versus the expected level of $48.5 billion.
The trade surplus with the US rose to $26.2 billion as exports gained 8.4 percent.
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