China's exports and imports logged sharp growth in August despite COVID-related port closures, official data showed on Tuesday.
Data released by the General Administration of Customs revealed that exports advanced 25.6 percent year-on-year in August, bigger than the economists' forecast of 17.1 percent and July's 19.3 percent increase.
Reflecting low of comparison, imports increased 33.1 percent annually after rising 28.1 percent in July. Economists had forecast an annual increase of 26.8 percent.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.