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China’s exports declined less than expected in August, pointing to improved external appetite for Chinese products and continued weakness in global trade, official data showed Thursday.
Outbound shipments dropped 8.8% from a year earlier, compared with the 14.5% decline in July, the General Administration of Customs said. The result was better than the 10.0% fall expected by economists in a Wall Street Journal poll.
Chinese imports declined 7.3% in August, compared with July’s 12.4% fall and the 9.7% drop expected by the economists surveyed.
That put China’s trade surplus at $68.36 billion, lower than the $80.6 billion surplus in July and the $73.8 billion surplus expected by economists.
Write to Singapore Editors at singaporeeditors@dowjones.com
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