China’s August export growth accelerates unexpectedly and imports grow steadily


Source: texasnewstoday.com texasnewstoday.com

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September 7, 2021 Beijing (Reuters) – China’s exports grew at an unexpectedly fast pace in August. This is because strong global demand offset some of the pressure on the world’s second-largest economy due to the resurgence of domestic COVID-19 cases and supply bottlenecks. China has made a remarkable recovery from the slump caused by the coronavirus, but the outbreak of COVID-19 due to delta variants, soaring raw material prices, slowing exports and more stringent measures to curb hot real estate prices Recent measures and reduction campaigns have weakened the economy. Carbon emissions. Shipments from the world’s largest exporters in August...