Skip to Content

China’s exports and imports fall in August as weak global demand keeps its economy under pressure

By ZEN SOO
Associated Press

HONG KONG (AP) — Chinese exports and imports both fell in August, reflecting tepid global demand that is adding to pressures on its slowing economy. Customs data released Thursday showed exports for August slumped 8.8% from a year earlier, while imports slid 7.3%. The total trade surplus for the world’s No. 2 economy shrank to $68.4 billion from $80.6 billion in July. China’s trade has been slowing for two years, sapped by a weakening global economy and by a lackluster recovery from the COVID-19 pandemic. But the declines in August were less severe than in July. China’s exports to the U.S. fell 17% in August from a year earlier, while exports to Southeast Asia dropped 13%.

Article Topic Follows: AP-Colorado

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

KION 46 is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content