China trade performance improves on stronger exports
BEIJING (AFP) - China's trade performance was better than expected in August, as stronger exports to recovering overseas economies caused the trade surplus to widen to US$28.6 billion (S$36.4 billion), customs figures showed on Sunday.
Improved exports, a key driver of growth for China, are a positive sign for the world's second largest economy which has struggled since early this year, analysts said.
The trade surplus rose 8.3 percent from the same month last year and also widened from US$17.8 billion in July, according to customs figures.
Analysts had forecast a trade surplus of US$20.4 billion, according to a survey of 11 economists by Dow Jones Newswires.