China

China’s August trade surprises as imports and exports defy analysts’ expectations

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Chinese exports have surprised by growing 25.6 per cent in August from a year earlier, totalling US$294.32 billion and beating expectations that they would post another slowdown in August after July’s subdued performance of 19.3 per cent growth.The latest figures also beat Bloomberg’s surveyed expectations among economists of a 17.3 per cent rise.In the same month last year, exports rose by 9.5 per cent as the impact of the coronavirus eased, meaning the latest figures started from a higher…

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