China’s exports unexpectedly grew at faster pace to hit new record high in August

china exports imports

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China’s exports grew at a faster pace in August to hit a new record high driven by robust global demand despite high comparison base a year earlier and broad market expectations for downward pressure on exports amid Covid-19 flare-ups.

Exports grew by 25.6 per cent in August from a year earlier to $294.32 billion, hitting a new record high for the second straight month and picking up form July’s 19.3 per cent growth, according to data released by the General Administration of Customs on Tuesday. That beat expectations of a . . .

 

 

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