Beijingwalker
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- Nov 4, 2011
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CHINA ECONOMY
A cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020.
Martin Pollard | Reuters
BEIJING — China’s exports rose by 8.7% year-on-year in U.S. dollar terms in August, according to the customs agency.
That was higher than the forecast for growth of 6.5% year-on-year in U.S. dollar terms, according to a Reuters poll.
Imports grew by 0.5%. That was less than the expected 2% increase from a year ago in U.S. dollar terms, the poll showed. In July, exports rose by 7% from a year ago, while imports increased by a more-than-expected 7.2%.
China’s exports to its major trading partners — the U.S., European Union and Association of Southeast Asian Nations — all rose in August from a year ago. Exports to the EU grew the most, up by 13%, according to CNBC calculations of official data.
China’s imports from the U.S. rose by 12% in August from a year ago, while imports from the EU fell, the data analysis showed. Imports from ASEAN rose by 5%.
China’s imports from Russia fell by 1%, while exports rose by 10%, the data analysis showed.
China’s exports of cars rose by nearly 40% in August to 610,000 vehicles. Exports of ship vessels rose by 40%, while the number of smartphones exported climbed by 6.7%. Suitcase exports rose by nearly 9%.
The value of integrated circuits exported rose by 18%, while imports increased by 11%.
China’s exports grow by 8.7% in August, beating expectations
PUBLISHED MON, SEP 9 202411:22 PM EDTA cargo ship carrying containers is seen near the Yantian port in Shenzhen, following the novel coronavirus disease (COVID-19) outbreak, Guangdong province, China May 17, 2020.
Martin Pollard | Reuters
BEIJING — China’s exports rose by 8.7% year-on-year in U.S. dollar terms in August, according to the customs agency.
That was higher than the forecast for growth of 6.5% year-on-year in U.S. dollar terms, according to a Reuters poll.
Imports grew by 0.5%. That was less than the expected 2% increase from a year ago in U.S. dollar terms, the poll showed. In July, exports rose by 7% from a year ago, while imports increased by a more-than-expected 7.2%.
China’s exports to its major trading partners — the U.S., European Union and Association of Southeast Asian Nations — all rose in August from a year ago. Exports to the EU grew the most, up by 13%, according to CNBC calculations of official data.
China’s imports from the U.S. rose by 12% in August from a year ago, while imports from the EU fell, the data analysis showed. Imports from ASEAN rose by 5%.
China’s imports from Russia fell by 1%, while exports rose by 10%, the data analysis showed.
China’s exports of cars rose by nearly 40% in August to 610,000 vehicles. Exports of ship vessels rose by 40%, while the number of smartphones exported climbed by 6.7%. Suitcase exports rose by nearly 9%.
The value of integrated circuits exported rose by 18%, while imports increased by 11%.