September 17, 2021

China’s Aug exports growth unexpectedly picks up speed in boost to economy

Containers are seen at the Yangshan Deep-Water Port in Shanghai, China October 19, 2020. REUTERS/Aly Song

  • 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…

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