China August exports up 5.5%, imports up 13.3% in dollar terms

by Dramelin 9:00 PM 0 comments

China on Friday reported August exports were up 5.
5 percent from a year ago in dollar terms, while imports were up 13.
3 percent in dollar terms.
Analysts polled by Reuters expected a 6.
0 percent rise in Chinese exports in August from a year ago in dollar terms.
August imports were forecast to rise 10.
0 percent in the same period.
China`s August trade balance was $41.
99 billion, data from the General Administration of Customs showed the country`s surplus with the U.
2 billion in July.
The two countries` trade is closely-watched amid current tensions between the economic giants about trade practices.
China`s economic data have been showing robust growth ahead of leadership changes later this year.
But many expect the mainland`s economy to slow in the second half of the year due to a crackdown on debt and as the property market cools.
In July, China reported a 7.
2 percent increase in imports and a 11.
0 percent on-year rise in exports in dollar terms.
Market watchers are keeping their eyes on the health of the world`s second-largest economy ahead of a key Communist Party meeting in October.
China on Friday also reported August exports were up 6.
9 percent in yuan terms while imports were up 14.
4 percent in yuan terms from a year ago, Chinese customs data showed.