China’s August Trade Balance: Surplus widens to $119.09 billion as expected
China's Trade Balance for August, in US Dollar (USD) terms, arrives at $119.09 billion, almost in line with $119.1 billion estimates, but higher than the July reading of $112.5 billion.
Exports surge 25% year-over-year (YoY) in August, as expected, faster than the previous reading of 23.9%. The country’s imports surge 28.2% YoY in the same period, slower than expectations of 30%. In July, Imports grew by 27.5%.
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