China's trade surplus with the rest of the world widened to a record of $49.8 billion in August.
BEIJING—China's exports grew 9.4% year-over-year in August, the country's General Administration of Customs said Monday, down from a 14.5% rise in July.
Shipments slightly exceeded the median forecast of 15 economists surveyed by The Wall Street Journal, who had predicted a 9.2% rise.
Meanwhile imports fell by 2.4% on-year, after a 1.6% drop in July. Economists had expected a 2.7% rise in August. Actually, the amount imported is increased, and thus the fall of import is due to fall of price.
China's trade surplus with the rest of the world widened to a record of $49.8 billion in August, from $47.3 billion in July. Economists had predicted a surplus of $42 billion.
BEIJING—China's exports grew 9.4% year-over-year in August, the country's General Administration of Customs said Monday, down from a 14.5% rise in July.
Shipments slightly exceeded the median forecast of 15 economists surveyed by The Wall Street Journal, who had predicted a 9.2% rise.
Meanwhile imports fell by 2.4% on-year, after a 1.6% drop in July. Economists had expected a 2.7% rise in August. Actually, the amount imported is increased, and thus the fall of import is due to fall of price.
China's trade surplus with the rest of the world widened to a record of $49.8 billion in August, from $47.3 billion in July. Economists had predicted a surplus of $42 billion.
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