China Trade Data in August Beats Expectations of Slowing Down
China announced surprisingly higher-than-expected trade data in August that beat an earlier forecast of slowing down.
China announced surprisingly higher-than-expected trade data in August that beat an earlier forecast of slowing down.
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In the morning of September 7, 2021, the China National Bureau of Statistics reported an expansion in exports data for August at 25.6%, beating the forecast of 18%, while imports data came in at 33.1%, higher than the forecast of 25%. The trade surplus in August was 58.34 billion dollars, which was also higher than expected.
As of 10:39 local time in Thailand, Shanghai Composite rose 0.77%, Shenzhen Component increased 0.28% and Hang Seng Index gained 0.52%.