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China’s Export Trade Increased by 11.6% in August, while Imports fell by 0.5%

According to customs statistics, in the first eight months of this year, China’s total import and export value of goods trade was 20.05 trillion yuan, a decrease of 0.6% compared with the same period last year, and the rate of decline narrowed by 1.1 percentage points compared with the previous seven months. The trade surplus was 2.05 trillion yuan, an increase of 17.2%. In August, China's foreign trade imports and exports reached 2.88 trillion yuan, an increase of 6%. Among them, exports were 1.65 trillion yuan, an increase of 11.6%; imports were 1.23 trillion yuan, a decrease of 0.5%; the trade surplus was 416.59 billion yuan, an increase of 74.4%.

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