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Economy

China's export growth slows in August, yuan keeps rising

1
2017-09-08 15:57Globaltimes.cn Editor: Li Yan ECNS App Download

China's exports surged by 6.9 percent year-on-year to 1.35 trillion yuan ($209 billion) in August, while imports grew by 14.4 percent, according to data released by the General Administration of Customs on Friday.

Export growth slowed from 11.2 percent in July, as yuan has appreciated in recent months.

As of Friday, the yuan has surged for nine trading days in a row. The yuan's central parity exchange rate reached 6.5032 on Friday, up 237 basis points.

Overall, China's trade surged by 10.1 percent year-on-year in August, the customs data showed.

  

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