China's Trade Surplus Soars in August

China's exports in yuan terms increased by 8.4% in August compared to the previous year, while imports remained unchanged. The trade surplus for the month reached 649.34 billion yuan ($91.22 billion), according to Chinese customs data.


Devdiscourse News Desk | Beijing | Updated: 10-09-2024 08:57 IST | Created: 10-09-2024 08:57 IST
China's Trade Surplus Soars in August
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  • China

In August, China experienced an 8.4% growth in exports in yuan terms compared to the same month last year, as reported by Chinese customs officials on Tuesday.

Simultaneously, imports remained flat, showing no significant growth or decline.

This led to a substantial trade surplus of 649.34 billion yuan ($91.22 billion), reinforcing China's dominant position in global trade.

(With inputs from agencies.)

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