China's export growth weakened in August

By Associated Press

Sep 08, 2022 12:09 am

BEIJING: China's trade dropped in August as high energy prices, inflation and anti-coronavirus measures weighed on global and Chinese consumer demand, while imports of Russian oil and gas surged.

Exports rose 7 percent over a year ago to $314.9 billion, decelerating from July's 18-percent expansion, data from China's General Administration of Customs showed on Wednesday. Imports contracted by 0.2 percent to $235.5 billion, compared with the seventh month's already weak 2.3-percent growth.

People visit the Philippines’ booth during the 2022 China International Fair for Trade in Services at the China National Convention Center in the capital Beijing on Sunday, Sept. 4, 2022. XINHUA PHOTO

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