Read previewChina's exports are booming, but profits could be under pressure, recent data from the country showed.
China's exports rose 8.7% in August from a year ago to nearly $309 billion — a two-year high, official data showed on Tuesday.
Imports, meanwhile, edged up by just 0.5% in August from a year ago — a sign that domestic demand was still weak.
While China's robust exports have been supporting the country's flagging economy amid weak demand, data suggest that exporters have been slashing prices to stay competitive — a trend some economists have flagged.
Meanwhile, official data released on Monday showed China's Producer Price Index — which measures the price of goods at the factory gate — falling 1.8% from a year ago.
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Organizations:
Service, Reuters, Business, PPI, Bank of America, European Union
Locations:
China, Beijing