China’s imports end two-year decline, rise 1.5% in August
According to the General Administration of Customs, imports increased by 1.5% from a year earlier. Exports, on the other hand, decreased by 2.8% from a year earlier, but showed a slower rate of decline compared to the decrease of 4.4% recorded in July.
The exports and imports figures led the trade surplus to retreat to $52.05 billion in August from $52.31 billion recorded in July.
The improvement in both figures showed that demand both in China and globally is becoming more balanced and that China could help contribute to global growth. However, China’s weak private investment and slow exports have made policy makers more dependent on higher government spending on infrastructure to be able to support economic growth.
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