HONG KONG (AP) — China's exports and imports both fell in August from a year earlier, reflecting tepid global demand that is adding to pressures on its slowing economy.
Customs data released Thursday showed exports for August slumped 8.8% to $284.87 billion in the fourth straight month of decline.
The total trade surplus fell to $68.36 billion from $80.6 billion in July.
China’s imports from Russia, mostly oil and gas, increased 13.3% from a year earlier to $11.52 billion.
Exports to the European Union tumbled 10.5% from the same time last year to $41.3 billion, while imports of European goods declined 2.5% to $24.56 billion.
Persons:
” Julian Evans, Pritchard, ”, August's
Organizations:
—, Federal Reserve, Capital Economics, Kremlin, European Union
Locations:
HONG KONG, Europe, Asia, U.S, Russia, Ukraine