[et_pb_section fb_built=\u00bb1″ specialty=\u00bbon\u00bb _builder_version=\u00bb3.22″][et_pb_column type=\u00bb3_4″ specialty_columns=\u00bb3″ _builder_version=\u00bb3.25″ custom_padding=\u00bb|||\u00bb custom_padding__hover=\u00bb|||\u00bb][et_pb_row_inner _builder_version=\u00bb3.25″][et_pb_column_inner saved_specialty_column_type=\u00bb3_4″ _builder_version=\u00bb3.25″ custom_padding=\u00bb|||\u00bb custom_padding__hover=\u00bb|||\u00bb][et_pb_post_title meta=\u00bboff\u00bb _builder_version=\u00bb4.7.7″ vertical_offset_tablet=\u00bb0″ horizontal_offset_tablet=\u00bb0″ hover_enabled=\u00bb0″ z_index_tablet=\u00bb0″ title_text_shadow_horizontal_length_tablet=\u00bb0px\u00bb title_text_shadow_vertical_length_tablet=\u00bb0px\u00bb title_text_shadow_blur_strength_tablet=\u00bb1px\u00bb meta_text_shadow_horizontal_length_tablet=\u00bb0px\u00bb meta_text_shadow_vertical_length_tablet=\u00bb0px\u00bb meta_text_shadow_blur_strength_tablet=\u00bb1px\u00bb box_shadow_horizontal_tablet=\u00bb0px\u00bb box_shadow_vertical_tablet=\u00bb0px\u00bb box_shadow_blur_tablet=\u00bb40px\u00bb box_shadow_spread_tablet=\u00bb0px\u00bb text_shadow_horizontal_length_tablet=\u00bb0px\u00bb text_shadow_vertical_length_tablet=\u00bb0px\u00bb text_shadow_blur_strength_tablet=\u00bb1px\u00bb title_font=\u00bbMontserrat|||on|||||\u00bb sticky_enabled=\u00bb0″][\/et_pb_post_title][et_pb_text _builder_version=\u00bb4.7.7″ vertical_offset_tablet=\u00bb0″ horizontal_offset_tablet=\u00bb0″ hover_enabled=\u00bb0″ z_index_tablet=\u00bb0″ text_text_shadow_horizontal_length_tablet=\u00bb0px\u00bb text_text_shadow_vertical_length_tablet=\u00bb0px\u00bb text_text_shadow_blur_strength_tablet=\u00bb1px\u00bb link_text_shadow_horizontal_length_tablet=\u00bb0px\u00bb link_text_shadow_vertical_length_tablet=\u00bb0px\u00bb link_text_shadow_blur_strength_tablet=\u00bb1px\u00bb ul_text_shadow_horizontal_length_tablet=\u00bb0px\u00bb ul_text_shadow_vertical_length_tablet=\u00bb0px\u00bb ul_text_shadow_blur_strength_tablet=\u00bb1px\u00bb ol_text_shadow_horizontal_length_tablet=\u00bb0px\u00bb ol_text_shadow_vertical_length_tablet=\u00bb0px\u00bb ol_text_shadow_blur_strength_tablet=\u00bb1px\u00bb quote_text_shadow_horizontal_length_tablet=\u00bb0px\u00bb quote_text_shadow_vertical_length_tablet=\u00bb0px\u00bb quote_text_shadow_blur_strength_tablet=\u00bb1px\u00bb header_text_shadow_horizontal_length_tablet=\u00bb0px\u00bb header_text_shadow_vertical_length_tablet=\u00bb0px\u00bb header_text_shadow_blur_strength_tablet=\u00bb1px\u00bb header_2_text_shadow_horizontal_length_tablet=\u00bb0px\u00bb header_2_text_shadow_vertical_length_tablet=\u00bb0px\u00bb header_2_text_shadow_blur_strength_tablet=\u00bb1px\u00bb header_3_text_shadow_horizontal_length_tablet=\u00bb0px\u00bb header_3_text_shadow_vertical_length_tablet=\u00bb0px\u00bb header_3_text_shadow_blur_strength_tablet=\u00bb1px\u00bb header_4_text_shadow_horizontal_length_tablet=\u00bb0px\u00bb header_4_text_shadow_vertical_length_tablet=\u00bb0px\u00bb header_4_text_shadow_blur_strength_tablet=\u00bb1px\u00bb header_5_text_shadow_horizontal_length_tablet=\u00bb0px\u00bb header_5_text_shadow_vertical_length_tablet=\u00bb0px\u00bb header_5_text_shadow_blur_strength_tablet=\u00bb1px\u00bb header_6_text_shadow_horizontal_length_tablet=\u00bb0px\u00bb header_6_text_shadow_vertical_length_tablet=\u00bb0px\u00bb header_6_text_shadow_blur_strength_tablet=\u00bb1px\u00bb box_shadow_horizontal_tablet=\u00bb0px\u00bb box_shadow_vertical_tablet=\u00bb0px\u00bb box_shadow_blur_tablet=\u00bb40px\u00bb box_shadow_spread_tablet=\u00bb0px\u00bb sticky_enabled=\u00bb0″]China\u2019s exports rose for the third consecutive month in August, eclipsing an extended fall in imports, as more of its trading partners relaxed coronavirus lockdowns in a further boost to the recovery in the world\u2019s second-biggest economy.<\/p>\n
Exports in August rose a solid 9.5% from a year earlier, customs data showed on Monday, marking the strongest gain since March 2019. The figure also beat analysts\u2019 expectations for 7.1% growth and compared with a 7.2% increase in July.<\/p>\n
Imports however slumped 2.1%, compared with market expectations for a 0.1% increase and extending a 1.4% fall in July.<\/p>\n
The strong exports suggest a faster and more balanced recovery for the Chinese economy, which is rebounding from a record first-quarter slump thanks largely to domestic stimulus measures<\/p>\n
\u201cChina\u2019s exports continue to defy expectations and to grow significantly faster than global trade, thus gaining global market share,\u201d said Louis Kuijs of Oxford Economics.<\/p>\n
A private survey on manufacturing activity last week showed Chinese factories reported the first increase in new export orders this year in August as overseas demand slowly revives. The pick-up in business also led to a further expansion in production, marking the sharpest gain in almost a decade.<\/p>\n
China\u2019s export performance, boosted by record shipments of medical supplies and robust demand for electronic products, has not been as severely affected by the global slowdown as some analysts had feared.<\/p>\n
All the same, some analysts cautioned that the stronger exports reflected in part the base effects of the year-ago weakness.<\/p>\n
Imports unexpectedly slipped further into contraction, suggesting softer domestic demand.<\/p>\n
But imports were largely stable in terms of volume, said Julian Evans-Pritchard of Capital Economics, in a note.<\/p>\n
\u201cWith credit growth still accelerating and infrastructure-led stimulus still ramping up, import volumes should remain strong in the coming months,\u201d he said.[\/et_pb_text][et_pb_image src=\u00bbhttps:\/\/bespokesourcing.com\/wp-content\/uploads\/2021\/04\/SR.jpg\u00bb _builder_version=\u00bb4.7.7″ _module_preset=\u00bbdefault\u00bb title_text=\u00bbSR\u00bb hover_enabled=\u00bb0″ sticky_enabled=\u00bb0″][\/et_pb_image][et_pb_text _builder_version=\u00bb4.7.7″ _module_preset=\u00bbdefault\u00bb hover_enabled=\u00bb0″ sticky_enabled=\u00bb0″]<\/p>\n
Copper imports in August eased from the previous month\u2019s all-time high, as an arbitrage window to bring in overseas metal shut and demand from key consumption sectors slowed. Coal imports slipped 20.8% from the month before. Iron ore imports fell 10.9% from July but rose from a year earlier on resilient demand for steel.<\/p>\n
China posted a trade surplus of $58.93 billion last month, compared with the poll\u2019s forecast for a $50.50 billion surplus and $62.33 billion surplus in July.<\/p>\n
<\/p>\n
The outlook is still far from rosy as external demand could suffer if virus control measures have to be re-imposed by trade partners later this year on a resurgence of the epidemic.<\/p>\n
China also is looking to reduce its reliance on overseas markets for its development as U.S. hostility and the pandemic increase external risks that could hamper longer-term progress.<\/p>\n
Already heightened U.S.-China tensions are expected to escalate ahead of the U.S. presidential election. China remains well behind on its pledge to boost purchases of U.S. goods under an agreement that was launched in February.<\/p>\n
China\u2019s trade surplus with the United States widened to $34.24 billion in August from $32.46 billion in July.<\/p>\n
Top U.S. and Chinese trade officials reaffirmed their commitment to a Phase 1 trade deal in a phone call last month. \u201cBoth sides see progress and are committed to taking the steps necessary to ensure the success of the agreement,\u201d the U.S. Trade Representative\u2019s office said.<\/p>\n
Falling imports of integrated circuits in August are likely the result of the new restrictions on U.S. companies doing businesses with Chinese technology companies, said Iris Pang, chief economist for Greater China at ING, in a note.<\/p>\n
Bilateral tensions could also affect exports of technological products and services in the coming months, she said.<\/p>\n
[\/et_pb_text][\/et_pb_column_inner][\/et_pb_row_inner][\/et_pb_column][et_pb_column type=\u00bb1_4″ _builder_version=\u00bb3.25″ custom_padding=\u00bb|||\u00bb custom_padding__hover=\u00bb|||\u00bb][et_pb_sidebar _builder_version=\u00bb4.7.7″ _module_preset=\u00bbdefault\u00bb show_border=\u00bboff\u00bb hover_enabled=\u00bb0″ sticky_enabled=\u00bb0″][\/et_pb_sidebar][\/et_pb_column][\/et_pb_section]<\/p>","protected":false},"excerpt":{"rendered":"