Reported 30 days ago
China's exports surged by 8.7% year-on-year in August, exceeding forecasts, as manufacturers hurried to fulfill orders ahead of anticipated tariffs. Conversely, imports grew only 0.5%, falling short of expectations amid sluggish domestic demand and ongoing economic challenges. The data underscores the reliance on exports to bolster China's $19 trillion economy, prompting concerns over potential growth targets and the need for further stimulus in light of dwindling consumer confidence and persistent manufacturing contractions.
Source: YAHOO