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China’s imports end two-year decline, rise 1.5% in August

by ChemOrbis Editorial Team -
  • 08/09/2016 (14:11)
According to media sources, China’s imports in August posted their first increase in almost two years while exports witnessed a small decrease. The rise in imports seen after 21 months of declines indicated improved domestic demand supported by firmer commodities prices.

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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