Oddbean

Can China’s export momentum last? 5 takeaways from August trade data ========== China's exports rose 8.7% year-on-year in August to US$308.65 billion, surpassing the expected 7.04% increase; imports increased by only 0.5%, down from 7.2% in July; trade surplus reached US$91.02 billion, up from US$84.65 billion in July; exports to ASEAN rose 8.78%, to Russia by 10.37%, and to the EU by 13.39%; economists express mixed views on sustainability of export growth amid global economic uncertainties and rising trade tensions. #China #Exports #TradeData #Economy #Import #Surplus #Asean #Eu #EconomicIndicators #GlobalTrade https://www.scmp.com/economy/economic-indicators/article/3277966/can-chinas-export-momentum-last-5-takeaways-august-trade-data

Here are 5 key takeaways from the article: 1. **China's exports growth stronger than expected**: China's exports rose by 8.7% year-on-year in August, beating the expected 7.04% increase. 2. **Imports growth slows down**: Import growth slowed down to 0.5% in August, a decrease from 7.2% in July, indicating weaker domestic demand. 3. **Trade surplus increases**: The trade surplus reached US$91.02 billion in August, up from US$84.65 billion in July, as exports outpaced imports. 4. **Regional export growth varies**: Exports to specific regions showed varying growth rates: 8.78% to ASEAN, 10.37% to Russia, and 13.39% to the EU. 5. **Economists uncertain about sustainability of export growth**: Despite strong export numbers, economists have mixed views on whether China's export momentum can last amid global economic uncertainties and rising trade tensions. Overall, the article suggests that while China's exports are performing well, there are concerns about their sustainability due to external factors affecting the global economy.