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China's Exports Growth Slows In August

China's exports grew at a slower pace in August, data from the General Administration of Customs revealed Friday.

Exports increased 5.5 percent year-on-year in August, slower than July's initially estimated 7.2 percent growth. Shipments were forecast to grow 6 percent.

At the same time, imports advanced 13.3 percent annually, faster than the expected growth of 10 percent.

As a result, the trade surplus totaled $42 billion in August versus the expected level of $48.5 billion.

by RTT Staff Writer

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