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China's trade grows 17.6% in early months
The value of China's foreign trade increased by 17.6% during the first eight months of the year, reaching a total of 34.78 trillion yuan (approximately $5.13 trillion). Exports rose by 14.6% to 20.17 trillion yuan, while imports increased by 22% to 14.61 trillion yuan, with import growth continuing at a faster pace than exports. In August, the trade value amounted to 4.65 trillion yuan, a 19.8% increase, marking the fourth consecutive month of double-digit growth in both exports and imports. Additionally, import growth has exceeded that of exports for the sixth consecutive month.
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