Beijing (Reuters) – China’s imports and exports have expanded their profits as restrictions have been eased around the world.
Exports rose 9.9 percent in August compared to the previous year, according to data from the customs authorities on Tuesday. This was largely in line with analysts’ expectations for 10 percent growth. In the previous month, the exports of the world’s second largest economy recorded an increase of 9.5 percent.
Imports rose by 13.2 percent after a slump of 2.1 percent in August and exceeded the forecast of the analysts of an increase of 0.3 percent. The strong trade performance suggests that China’s foreign trade is rapidly recovering from the outbreak of the corona pandemic.