China's Exports Grew At A Record Pace In August

China's exports and imports grew for three consecutive months, following positive growth in June.

China's foreign trade rose 6 percent to 2.88 trillion yuan in August, data from the General Administration of Customs showed on Sept. 7.Exports totaled 1.65 trillion yuan, up 11.6%.Imports were 1.23 trillion yuan, down 0.5%.

In August, the export growth rate set a new record for this year. On the one hand, thanks to the recovery of the international market, Europe and other places are restarting their economies after controlling the epidemic, driving the recovery of external demand. The markets in Southeast Asia, Japan and South Korea around China are also doing well in controlling the epidemic.On the other hand, thanks to China's successive measures to stabilize foreign trade, foreign trade enterprises have basically resumed their work and started to catch up with the progress of orders dropped in the early stage under the encouragement of various policies.

On the import side, import growth slowed in August as imports of iron ore, crude oil, coal, natural gas and soybeans rose and fell.

Among China's major trading partners, China's imports and exports to ASEAN, the European Union and Japan all maintained a growth trend in the first August, while imports and exports to the United States fell again.

According to customs statistics, The import and export of China's foreign trade in August reached 2.88 trillion yuan, up by 6%.Exports totaled 1.65 trillion yuan, up 11.6%.Imports of 1.23 trillion yuan, down 0.5%;The trade surplus is 416.59 billion yuan, up 74.4%.

Among China's major trading partners, China's imports and exports to ASEAN, the European Union and Japan all maintained a momentum of growth in the first August, while imports and exports to the United States continued to decline.China's trade with the United States fell 0.4 percent.