China’s Aug exports growth unexpectedly picks up speed in boost to economy
- August exports solidly up from July, beat f’casts
- August imports also grows at strong pace
- Data provides some relief to stuttering economic recovery
- Authorities expected to add to stimulus measures
BEIJING, Sept 7 (Reuters) – China’s exports unexpectedly grew at a faster pace in August, as solid global demand offset some of the pressure on the world’s second-biggest economy from a resurgence of domestic COVID-19 cases and supply bottlenecks.
China staged an impressive recovery from a coronavirus-battered slump, but economic momentum has weakened recently due to the Delta variant-driven COVID-19 outbreaks, high raw material prices, slowing exports, tighter measures to tame hot property prices and a campaign to reduce carbon emissions.
Shipments from the world’s biggest exporter in August…