China Trade Data in August Beats Expectations of Slowing Down
China announced surprisingly higher-than-expected trade data in August that beat an earlier forecast of slowing down.
In the morning of September 7, 2021, the China National Bureau of Statistics reported an expansion in exports data for August at 25.6%, beating the forecast of 18%, while imports data came in at 33.1%, higher than the forecast of 25%. The trade surplus in August was 58.34 billion dollars, which was also higher than expected.
As of 10:39 local time in Thailand, Shanghai Composite rose 0.77%, Shenzhen Component increased 0.28% and Hang Seng Index gained 0.52%.