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Xinhua: China's exports up 2.6pc in August, imports down 2.6pc

CHINA?s exports of goods rose 2

Xinhua: China's exports up 2.6pc in August, imports down 2.6pc

CHINA?s exports of goods rose 2

10 September 2019 - 19:00

CHINA?s exports of goods rose 2.6 per cent year on year in August, while imports fell 2.6 per cent, Customs data, reports Xinhua.

Trade surplus stood at CNY239.6 billion (US$33.79 billion) last month, expanding 41.8 per cent from one year earlier, according to data released by the General Administration of Customs (GAC).



The country's exports grew 6.1 per cent year on year in the first eight months of the year, while imports edged up 0.8 per cent, leading to a trade surplus of CNY1.77 trillion, widening 46 per cent during the period.



The country's exports grew 6.1 per cent year on year in the first eight months of the year, while imports edged up 0.8 per cent, leading to a trade surplus of CNY1.77 trillion, widening 46 per cent during the period.



In US dollar-denominated terms, the country's exports edged up 0.4 per cent during the period, while imports declined 4.6 per cent from one year earlier.



The European Union remained as China's largest trading partner during the period, with bilateral trade volume up 9.7 per cent from one year earlier to CNY3.15 trillion, followed by the ASEAN, up 11.7 per cent to CNY2.74 trillion, and the United States, down nine per cent to CNY2.42 trillion.



China's trade with the Belt and Road countries totalled CNY5.83 trillion for the January-August period, up 9.9 per cent year on year, 6.3 percentage points higher than the overall pace, said the GAC, adding that the amount accounted for 29 per cent of China's total trade volume.


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