China exports growth in August to 6-month low, missing expectations

Chinese export growth in August missed expectations because the activities of loading businesses aimed at avoiding high tariffs in the United States, while imports have also become less than expected because domestic demand remains weak.

Exports increased by 4.4% in August in US dollars compared to a year earlier, Customs data showed on MondayNoting the lowest level since February, while the missing estimates of the economists in the raids are 5.0%.

This height slowed down from the previous two months, partially reflected by the statistical effect of the high base last year, when China’s exports grew at the fastest rate of almost a year and a half.

Last month imports increased by 1.3% compared to the year of the missing Reuters by estimating 3%. Imports grew over the third month after returning to growth in June, although still muted by the constant recess, among other things, the increasing danger of work.

On August 11, Beijing and Washington agreed to expand their tariff truce for another 90 days, recording tariffs on the United States about 55% on Chinese imports and 30% of Chinese duties on American goods, reports Institute of International Economist Peterson.

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