China says August exports beat expectations, jumping 9.5%

By Amwal Al Ghad English On Sep 7, 2020

Employees work at a factory in the Shanghai Lingang Industrial Park in Shanghai, April 20, 2012. China's factories stabilised in April as output ticked higher, new business rose from multi-month lows and export orders perked up, though not sufficiently for a private sector survey of purchasing managers to flag a return to expansionary territory. Picture taken April 20, 2012. REUTERS/Aly Song (CHINA - Tags: BUSINESS)

China’s dollar-denominated exports beat expectations to rise 9.5% for the month of August from a year ago, data from the country’s General Administration of Customs showed on Monday.

Meanwhile, China’s dollar-denominated imports in August fell 2.1% from a year ago.

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

The growth in exports was the fastest pace in one-and-a-half years, according to Reuters records.

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