Published 2 years ago

China's Aug exports, imports growth misses forecasts

Summary by Ground News

Exports rose 7 percent over a year ago to $314.9bn, barely one-third of July's 18 percent expansion. Imports contracted by 0.2 percent to $235.5bn, compared with the previous month's 2.3 percent growth. High energy prices, inflation and anti-coronavirus restrictions have weighed on consumer demand.

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Times of India

China export growth slows sharply in August: official data

The weakness in trade comes as global demand for Chinese products weakens with energy prices soaring and the United States facing the threat of recession.

2 years ago·India

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Reuters

China's August exports +7.1% yoy, imports +0.3% lower than expected

[BEIJING 7th Reuters] - According to the August trade statistics released by the General Administration of Customs of China on the 7th, exports increased 7.1% year-on-year in dollars and 0.3% in imports, respectively. Both fell below market expectations. According to Reuters analyst surveys, exports were expected to increase by 12.8% and imports by 1.1%. Exports increased by 18.0% and imports by 2.3% in July. The trade balance in August was a su…

2 years ago·United Kingdom

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Associated Press News

China's export growth sinks in August, imports shrink

China’s export growth weakened in August and imports shrank as high energy prices, inflation and anti-virus restrictions weighed on global and Chinese consumer demand. Customs data Wednesday showed exports rose

2 years ago·United States

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abc News

China's export growth sinks in August, imports shrink

China’s trade weakened in August as high energy prices, inflation and anti-virus measures weighed on global and Chinese consumer demand, while imports of Russian oil and gas surged.

2 years ago·United States

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KRDO

China's export growth sinks in August, imports shrink

By JOE McDONALD AP Business WriterBEIJING (AP) — China’s export growth weakened in August and imports shrank as high energy prices, inflation and anti-virus restrictions weighed on global and Chinese consumer demand. Customs data Wednesday showed exports rose 7% over a year earlier, just over one-third of July’s 18% expansion. Imports contracted by 0.2%. Demand for Chinese exports has softened as economic activity in Western markets slowed and …

2 years ago·Colorado Springs, United States

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