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BEIJING (MNI) - Here are five major points from China's August trade data:
- Exports rose in Aug by 9.8% y/y to USD217.43 billion, below 10.0% y/y
forecast by MNI survey and slower than the 12.2% y/y in July. Exports for the
first eight months increased by 12.2% y/y to USD1.60 trillion.
- Imports increased by 20.0% y/y to USD189.52 billion, slower than last
month's 27.3% surge and above market's survey of 19.3%. Imports in the first
eight months were USD1.41 trillion, 20.9% higher than a year ago.
- Trade surplus narrowed to USD27.91 billion, the smallest for an August
month in six years. Year-to-date surplus was the smallest in five years at
- China's exports to the U.S. in August expanded by 13.2% y/y to USD44.38
billion. Imports from the U.S. rose 2.3% y/y to USD13.33 billion. The surplus
was at USD31.05 billion compared with $28.09 billion last month.
- China's exports to the EU and Japan gained 8.4% and 3.8% y/y while
imports rose by 10.3% and 10.5%.
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