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China exports rise most since March 2019

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China’s exports rose for the third consecutive month in August, eclipsing an extended fall in imports, as more of its trading partners relaxed lockdowns in a further boost to the recovery in the world’s second-biggest economy.

Exports in August rose 9.5% from a year earlier, customs data showed on Monday, marking the strongest gain since March 2019. The figure also beat analysts’ expectations for 7.1% growth and compared with a 7.2% increase in July.

Imports however slumped 2.1%, compared with market expectations for a 0.1% increase and extending a 1.4% fall in July.

“China’s exports continue… to grow significantly faster than global trade,” said Louis Kuijs of Oxford Economics.

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