China’s outbound shipments rose 25.6% in August from a year earlier, higher than the 19.3% increase in July, the General Administration of Customs said on August 7. The result also beat the 17% increase expected by economists polled by The Wall Street Journal.
Economists had predicted China’s exports to slow in August as global chip shortage and a coronavirus resurgence in more than half of China’s provinces crimped both demand and supply.
The country’s imports jumped 33.1% from a year earlier in August, accelerating from 28.1% growth in July. The economists had anticipated imports to grow 25.7%.