Chinese Exports Grow for Sixth Straight Month

Features Dow Jones Newswires

China's exports grew for a sixth straight month in August, though the pace suggests growth in external demand for products and components may be softening. Exports increased 5.5% in August from a year earlier, following growth of 7.2% in July, the General Administration of Customs said Friday. Economists polled by The Wall Street Journal had forecast the value of shipments overseas to grow 6.0%. Imports in August rose 13.3% from a year earlier, compared with an 11.0% gain in July. The rise was larger than the poll's forecast for a 10.0% gain. China's trade surplus narrowed in August to $41.99 billion from $46.74 billion a month earlier, falling short of a median forecast for a $48.35 billion surplus. A rebound in China's exports this year has helped support growth in the economy.

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--Grace Zhu

(END) Dow Jones Newswires

September 07, 2017 23:42 ET (03:42 GMT)