Trade
China’s Export Slump Eases as Economy Searches for Stability
- Exports fall 8.8% y/y in August, better than July’s drop
- South Korea data suggests global demand starting to pick up
WATCH: China released its trade data for August that show export slump eased. Rebecca Choong Wilkins reports.
Source: BloombergThis article is for subscribers only.
China’s trade slump eased in August, adding to early signals the worst may be over for some parts of the world’s second-largest economy as it tries to regain momentum.
Overseas shipments fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than estimates and significantly less severe than July’s downturn. The trade surplus was $68 billion for the month.