China’s economy gets welcome boost from surprisingly strong Aug exports

 China’s economy gets welcome boost from surprisingly strong Aug exports

Containers are seen at the Yangshan Deep-Water Port in Shanghai, China October 19, 2020. REUTERS/Aly Song

  • 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…

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