Published:
China's exports jumped 7.2% in August
It beat market estimates.
According to OSK, the Customs Administration announced China’s exports rose 7.2% in August year-on-year, beating market consensus of a rise of 6% in exports.
Here's more:
This unforeseen rise in exports was pushed by an increasing foreign demand for Chinese goods in major markets, suggesting that the Chinese economy may be stabilising after a slowdown in nine out of the ten past quarters.
In support of the notion, China has witnessed a rebound in its trade in July, and regaining momentum and growth in both manufacturing and service sectors respectively. We expect these readings to provide support for the Singapore stock market
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