China’s exports and imports fall in August as weak global demand keeps its economy under pressure
HONG KONG (AP) — China’s exports and imports both fell in August from a year earlier, reflecting tepid global demand that is adding to pressures on its slowing economy.
Customs data released Thursday showed exports for August slumped 8.8% to $284.87 billion in the fourth straight month of decline. Imports slid 7.3% to $216.51 billion.
The total trade surplus fell to $68.36 billion from $80.6 billion in July.