China's international trade expands a slight 0.1% in August


Beijing, Sep 8 (EFE) .- China's international trade advanced a slight 0.1% year-on-year in August, according to official data published today.

The General Customs Administration indicated that in the eighth month of 2019, China's foreign trade stood at 2.72 billion yuan (381.916 million dollars, 343.636 million euros).

Despite staying in the advance zone, this weak growth represents a slowdown of 12.6 percentage points compared to the one experienced by Chinese exchanges in the same month last year.

Chinese exports increased by 2.6%, while imports decreased by that same percentage.

Thus, the trade surplus was 239.6 billion yuan (33.672 million dollars, 30.247 million euros), 33.3% higher than that recorded in August 2018.

Exchanges with the United States, a country with which China has maintained a trade war since March 2018, contracted 9.2%, with sales to that country falling by 12.9% and purchases of US products accusing a decline in almost 20% year-on-year

In the accumulated of the first eight months of the year, China's foreign trade reached 20.13 billion yuan (2.83 billion dollars, 2.57 billion euros), with a greater rise in exports (6, 1%) than of imports (0.8%).

The trade surplus until August stands at 1.77 trillion yuan (249.358 million dollars, 226.168 million euros), that is, 42.5% more than in the same period of the previous year.

Source link–business.html


Please enter your comment!
Please enter your name here

nine + 16 =