CHINA'S EXPORT GROWTH QUICKENS IN AUGUST, IMPORTS EDGE LOWER

China’s export growth accelerated in August while imports edged lower as the world’s second-largest economy extended its recovery from the coronavirus pandemic.

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Exports rose 9.5% over a year earlier to $235.2 billion, up from July’s 7.2% growth, customs data showed this week. Imports declined 2.1% to $176.3 billion, compared with the previous month’s 1.4% contraction.

China’s exporters have benefited from its relatively early reopening from a shutdown to fight the virus while competitors in many other countries still face anti-disease controls that disrupt business.

Exports to the United States rose 20% to $44.8 billion despite tariff hikes imposed by the Trump administration in a fight with Beijing over its technology ambitions and trade surplus. Imports of American goods gained 2% to $10.5 billion.