China’s exports grow by 8.7% in August, beating expectations

[Beijingwalker]

CHINA ECONOMY

China’s exports grow by 8.7% in August, beating expectations​

PUBLISHED MON, SEP 9 202411:22 PM EDT

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%.

 

[Beijingwalker]

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%.

China's new exports engine emerged. Cars and ships.

 

[Beijingwalker]

China’s Export Growth Surprises in August​

Outbound shipments rose 8.7% from a year earlier in August​

Sept. 9, 2024 11:49 pm ET

China’s trade surplus widened to $91.02 billion in August, compared with $84.65 billion in July. PHOTO: JADE GAO/AGENCE FRANCE-PRESSE/GETTY IMAGES

China’s exports exceeded market expectations in August, rising at a faster clip despite the impact of punitive tariffs.

Outbound shipments rose 8.7% from a year earlier in August, up from a 7.0% increase in July, the General Administration of Customs said Tuesday.

That beat the 6.6% growth expected by economists in a Wall Street Journal poll.

However, the growth in China’s imports slowed sharply to 0.5% in August, down from a 7.2% increase in July, official data showed. Economists had projected imports to rise by 2.5% in August.

China’s trade surplus widened to $91.02 billion in August, compared with $84.65 billion in July and the $80.0 billion expected by economists.

https://www.wsj.com/world/china/chinas-export-growth-surprises-in-august-80cfbac9?st=f1lncf6gm04pwrv&mod=googlenewsfeed

 

[Beijingwalker]

China’s Export Growth Surprises in August​

Outbound shipments rose 8.7% from a year earlier in August​

Sept. 9, 2024 11:49 pm ET

China’s trade surplus widened to $91.02 billion in August, compared with $84.65 billion in July. PHOTO: JADE GAO/AGENCE FRANCE-PRESSE/GETTY IMAGES

China’s exports exceeded market expectations in August, rising at a faster clip despite the impact of punitive tariffs.

Outbound shipments rose 8.7% from a year earlier in August, up from a 7.0% increase in July, the General Administration of Customs said Tuesday.

That beat the 6.6% growth expected by economists in a Wall Street Journal poll.

However, the growth in China’s imports slowed sharply to 0.5% in August, down from a 7.2% increase in July, official data showed. Economists had projected imports to rise by 2.5% in August.

China’s trade surplus widened to $91.02 billion in August, compared with $84.65 billion in July and the $80.0 billion expected by economists.

https://www.wsj.com/world/china/chinas-export-growth-surprises-in-august-80cfbac9?st=f1lncf6gm04pwrv&mod=googlenewsfeed

Lol, all Chinese growth is a "surprise" for WSJ.

 

[Beijingwalker]

China's trade surplus reaches $91B in August​

ECONOMY
Christian Baha
2 hours ago

China's trade surplus grew to $91.02 billion in August, beating estimates, the country's General Administration of Customs announced in a report published on Tuesday.

Exports saw an increase of 8.7% in dollar terms compared to the same month of the previous year while imports grew by 0.5% year-on-year.

The yuan-denominated trade surplus was 649.34 billion. Exports were up by 8.4% in comparison with the same period last year and imports came in at 0% year-on-year.

China's trade surplus reaches $91B in August

China's trade surplus grew to $91.02 billion in August, beating estimates, the country's General Administration of Customs announced in a report published on Tuesday.Exports saw an increase of 8.7% in...

breakingthenews.net

 

[Beijingwalker]

In July 2024, the exoprts grew 12 per cent, Last month, August , it was 8.7 per cent, this is just mindblowing, averaged export growth surpasses double digits 10%

China's international trade in goods and services was worth nearly 4.24 trillion yuan ($597.76 billion) in July this year—a rise of 12 per cent year on year (YoY)

 

[Alter_Ego]

I must admit the Chinese are running their country really well and smooth.

Wish Bangladesh would send people to be trained in China and not elsewhere.

 

[sutton9999]

Aug exports to Russia grew 10%, while imports from Russia dropped 1%.

It seems that big businesses aren't affected by payment block.

 

[Beijingwalker]

If any given month that China's growth slows to below 5% , China crashing coverage will spring up all over western and Indian media.

 

[Beijingwalker]

China’s exports jump to two-year high in rare boost for economy​

Published Tue, Sep 10, 2024 · 12:07 PM

China's exports climbed nearly 9 per cent from a year earlier to about US$309 billion, the highest since September 2022 and strongly beating estimates. PHOTO: AFP

CHINA’S exports unexpectedly accelerated in August, reaching their highest value in nearly two years and providing a rare boost to an economy weighed down by deflationary pressures.

Exports climbed nearly 9 per cent from a year earlier to about US$309 billion, the highest since September 2022 and strongly beating estimates. Imports expanded just 0.5 per cent, the customs administration said on Tuesday (Sep 10), leaving a trade surplus of US$91 billion for the month.

China’s exports jump to two-year high in rare boost for economy

CHINA’S exports unexpectedly accelerated in August, reaching their highest value in nearly two years and providing a rare boost to an economy weighed down by deflationary pressures. Read more at The Business Times.

www.businesstimes.com.sg

 

[Beijingwalker]

 

[Beijingwalker]

 

[Han Patriot]

90bil$ surplus, that's almost 100bil$ in surplus a month. Damn, we need to stop accumulating dollars.