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NewsChina's August exports fall 5.5%, better than forecasts, but imports disappoint
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China's August exports fall 5.5%, better than forecasts, but imports disappoint
by Cals Tue 08 Sep 2015, 21:03
China's August exports fall 5.5%, better than forecasts, but imports disappoint
By Reuters / Reuters | September 8, 2015 : 11:51 AM MYTBEIJING (Sept 8): China's August exports fell a less than expected 5.5% from a year earlier, while imports declined by 13.8%.
That left the country with a trade surplus of US$60.24 billion for the month, the [size=16]General Administration of Customs said on Tuesday, compared with forecasts of $48.20 billion.
Economists polled by Reuters had expected dollar-denominated exports to fall 6.0%, after a sharp drop of 8.3% in July, and predicted imports would fall by 8.2%, worsening from a 8.1% drop in July.
Global investors will be closely watching China's August data over coming weeks to see if the economy is at risk of a hard landing.
Though most economists believe a gradual and prolonged slowdown is more likely, a stock market crash and the unexpected devaluation of the yuan currency in August have heightened concerns about stability in the world's second-largest economy.
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