Chinese economy rebound in August, trade surplus is at the record heights

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Chinese exports and imports increased more than expected in August, with imports rising much faster than exports. This was shown on Tuesday by trade data from the Chinese government.

Exports expressed in dollars increased by 25.6 percent on an annual basis, with economists forecast an increase of 17 percent. Imports increased by 33.1 percent, with a plus of 25.7 percent expected.

In May, the trade surplus was 58.3 billion dollars, while a surplus of 48.0 billion dollars was forecast.

In August, the trade surplus in yuan was 376.3 billion. In its own currency, exports increased by 15.7 percent last month and imports by 23.1 percent.

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