China's Trade Accelerates Imbalance, Despite COVID
In August, China’s exports and imports were much stronger than anticipated due to vigorous demand. Customs data showed that exports rose 25.6% to $294.3 billion, an increase from July's 18.9% growth. Imports rose 33.1% to $236 billion, an increase from growth in July of 28.7%. Imports of American goods grew 33.3% to $14 billion, up again after a 25.5% gain in July.