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Chinese August exports up 29pc, tops 17pc experts forecast
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Posttime:2021-09-10
CHINA's exports increased more than expected in August, brushing aside the impact of a global resurgence of Covid-19, port congestion and supply bottlenecks, reports The Wall Street Journal.
According to the General Administration of Customs, China's outbound shipments rose 25.6 per cent in August from a year earlier, higher than the 19.3 per cent increase in July.
The result also comfortably topped the 17 per cent increase expected by economists polled by The Wall Street Journal.
Shipments to each of China's major trading partners increased at a faster year-on-year pace in August than in July. Exports to the European Union jumped 29.4 per cent in August from a year earlier, accelerating from July's 17.2 per cent rise, while shipments to the Association of Southeast Asian Nations and the US rose by 16.6 per cent and 15.5 per cent, respectively.
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