China's Trade Growth Gained Momentum in August
While exports continued to grow in August, import data fell short of estimates, indicating weak demand in the domestic market.
Trade growth in China's economy accelerated in August, while import figures failing to meet expectations drew attention to the weakness of domestic demand in the country.
Exports Increased Their Growth Pace
According to released customs data, China's exports recorded a 25 percent increase year-on-year in US dollar terms in August.
This rate of realization matched the general expectations of economists completely, leaving behind the 23.9 percent increase in July.
Imports Remained Below Expectations
In August, imports showed an increase of 28.2 percent, but this rate remained below market experts' expectation of 30 percent.
The import growth, recorded as 27.5 percent in July, gained momentum in August, albeit to a limited extent.
Rise in Trade Surplus
Following the balance of exports and imports, a significant increase was also experienced in China's trade surplus figures.
Trade surplus figures
The trade surplus, which was 112.5 billion dollars in July, reached 119.09 billion dollars in August.