China’s Imports Leap, Cutting Trade Surplus

Reuters reports that China’s surged by 35% in August over last year:

The unexpectedly big increase in imports also dented China’s politically contentious ahead of U.S. Congressional hearings next week on whether to punish Beijing for what many in Washington see as an unfairly undervalued yuan.

Wang Hu, an economist with Guotai & Junan Securities in Shanghai, said the import figures along with robust car sales data suggested that China’s economy had touched bottom in August.

“As European and U.S. economic growth has slowed since the second quarter, China may again lead the global recovery,” Wang said.


CDT on Twitter

Google Ads 1


Giving Assistant

Amazon Smile

Google Ads 2

Anti-censorship Tools

Life Without Walls

Click on the image to download Firefly for circumvention

Open popup

Welcome back!

CDT is a non-profit media site, and we need your support. Your contribution will help us provide more translations, breaking news, and other content you love.