China’s exports jump 25% in August in boost from AI build-out
Strong demand for AI-related goods and autos lifted exports, while imports also climbed 28.2%, widening China’s trade surplus to $119.1 billion, customs data showed.
- On Tuesday, China reported a 25% surge in August exports, pushing the country's trade surplus to $119.09 billion.
- Exports have become China's primary growth driver, cushioning the impact of sluggish domestic demand and a property market downturn, with policymakers targeting 4.5-5% annual growth.
- Western trading partners, including the United States, have criticized China's export reliance, though People's Bank of China Governor Pan Gongsheng dismissed complaints as 'an excuse to pressure and restrict China.'
- Premier Li Qiang called for expanded international cooperation in August while acknowledging domestic hardships, as the government deployed an 800 billion yuan financing tool to bolster infrastructure.
- Ahead of a high-stakes visit by Chinese leader Xi Jinping to Washington D.C. later this month, Washington and Beijing are exploring reciprocal tariff cuts on $30 billion worth of goods.
112 Articles
112 Articles
China-US Trade Rebounds Sharply in August as Exports Climb for Fifth Straight Month
Exports to the U.S. climbed 34 percent in August, while apparel and textile exports continued to grow at a slower pace than the AI-related products powering the country’s broader trade boom.
Bangkok. China’s exports skyrocketed 25 percent in August compared to the previous year, driven by strong demand for cars and high-tech goods, while its record trade surplus expanded further, his customs agency reported.
China's export surge widens its trade surplus despite faster import growth
China's exports rose 25% in August from a year earlier, while imports increased 28.2%, customs figures released on September 8 showed. The country still sold far more goods abroad than it bought, recording a monthly trade surplus of about $119.1 billion.
China recapitalises its financial system in support of weak domestic demand but there is nothing to do, the country's economy still and always depends on strong external demand,...
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