Mexican Media Brands
China’s Trade Surplus Jumps 40%
China's trade surplus surged 40% to 368 billion yuan from July to August as low prices for oil and other commodities cut imports, according to the country's General Administration of Customs.
#economics
Share
China's trade surplus surged 40% to 368 billion yuan from July to August as low prices for oil and other commodities cut imports, according to the country's General Administration of Customs. It was China's largest surplus since February.
Imports, which have been shrinking for the past 10 months, plunged 14% in August. China's exports declined 6%. In terms of U.S. dollars, exports fell to $197 billion and imports declined to about $137 billion.
Beijing now estimates China's economy will grow 7.3% this year, its weakest pace in nearly 25 years.
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data