China's exports in August rose at a faster-than-expected pace, increasing by 9.5% from a year earlier, though imports dropped 2.1%, customs data showed on Monday.
FILE PHOTO: Cranes and containers are seen at the Yantian port in Shenzhen, following the novel coronavirus disease outbreak, Guangdong province, China May 17, 2020. REUTERS/Martin Pollard
BEIJING - China’s exports in August rose at a faster-than-expected pace, increasing by 9.5% from a year earlier, though imports dropped 2.1%, customs data showed on Monday. Analysts in a Reuters poll had forecast exports would increase 7.1% from year earlier after registering surprising growth of 7.2% in July.China posted a trade surplus of $58.93 billion last month, compared with the poll’s forecast for a $50.50 billion surplus and $62.33 billion surplus in July.
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