- August exports and imports both solidly up, beat f’casts
- Data provides some relief to stuttering economic recovery
- Analysts expect exports to stay solid on yr-end shopping season
- Authorities still set to add to stimulus measures
BEIJING, Sept 7 (Reuters) – China’s exports unexpectedly grew at a faster pace in August thanks to solid global demand, helping take some of the pressure off the world’s second-biggest economy as it navigates its way through headwinds from several fronts.
The Asian giant staged an impressive recovery from a coronavirus-battered slump, but economic momentum has weakened recently due to the Delta variant-driven COVID-19 outbreaks, high raw material prices, slowing factory activity, tighter measures to tame hot property prices and a campaign to reduce carbon emissions.
Shipments from the world’s biggest exporter…