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China’s exports have surged unexpectedly, as strong overseas demand helped the world’s second-largest economy overcome the impact of fresh Delta variant outbreaks.
Chinas exports jumped 25.6% in dollar terms in August, compared to a year before, to reach $294.3bn. That’s an acceleration from July, when exports rose 19.3% year-on-year — and rather faster than expected.
Imports were also strong, jumping over 33% year-on-year to $236bn, leading to a trade surplus of $58.3bn for August.
This better-than-expected trade data will calm some worries that China’s economy was entering a sharp slowdown, as Beijing clamps down on technology giants and the education…
