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Chinese exports beat expectations with 9.5pc jump in August

2020-9-12

CHINA's exports jumped 9.5 per cent year on year in August in dollar volume - the biggest increase of any month this year and above expectations of a 7.5 per cent rise, reported London's Financial Times.

The rise in exports underlined China's dominant role in global trade during the coronavirus pandemic and its recovery from it.


Chinese exports have risen year on year for three straight months, raising hopes of a wider resurgence in international trade that has been affected by the outbreak.


"This by itself is a good sign for global trade," said Louis Kuijs, head of Asia economics at Oxford Economics, adding that the data had "again surprised on the upside".

 
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