China’s August exports exceed expectations

07.09.2021 - Davydova Maria
China’s August exports exceed expectations

China’s exports grew more than expected in August driven by strong global demand.

The world’s largest exporter recorded an increase of 25.6% year-on-year in its shipments. The latest gain was a sharp increase from the previous month’s 19.3% growth, indicating some resilience in China’s industrial sector. It also largely exceeded analysts’ forecast of a 17.1% expansion.

Sheana Yue, assistant economist at Capital Economics, said the breakdown of shipments revealed a broad-based increase across all types of goods. Retailers in advanced economies may have replenished their stocks ahead of the Christmas shopping season, with an increase in demand on items such as electronics, furniture, and recreational equipment.

In addition, some of the port barrier appeared to have cleared last month. 

Meng Xianglong, founder of Heji Trade & Credit Research Centre, expected that China’s strong exports will extend until the end of the year or until the start of 2022, with some factories already fully booked until next year’s first quarter.

Risk disclaimer "PROMETHEUS LTD – Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, Republic of the Marshall Islands MH96960 is a financial services institution outside the European Union Area, which is subject to the supervision of the IFMRRC Certificate 0395 AA V0155 Trading in Forex/ CFDs and Other Derivatives is highly speculative and carries a high level of risk. It is possible to lose all your capital. 70% of trading deals can be unprofitable. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary. Speculate only with funds that you can afford to lose. This Website may contain information in particular regarding financial services and products that could be regarded b a E.U. supervisory authority as an offer of financial services targeted in Europe. ESMA intervention measures do not apply to customers of PROMETHEUS LTD and it is your responsibility to choose a company which is most suitable for your trading needs. By clicking continue you confirm that you have read, understood and agree to the risk disclosures, terms of service, cash policies, privacy policies and this notice and that you are visiting this website on your own initiative, without any encouragement whatsoever from umarkets.net or PROMETHEUS LTD." Cookies notification: We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we assume that you are happy with it. Read more. Continue
×

Help with deposit?