[News] China’s Exports Hit Two-Year High in August, with Economic Uncertainties Lurking

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China’s exports rebounded in August, marking the highest increase in 17 months, as reported by the General Administration of Customs of China on September 10. The total export value, measured in USD, reached approximately $309 billion, representing an 8.7% year-on-year growth, surpassing both the previous month’s growth of 7% and the market’s expectations of 6.5%. Meanwhile, total imports amounted to around $200.9 billion, with a modest year-on-year growth of just 0.5%, significantly lower than the previous month’s 7.2% and the market’s forecast of 2%.

China’s economy currently shows a divergence between weak domestic demand and strong external momentum. However, as more countries, including the U.S., Canada, and the EU, increase trade barriers with China, combined with a global slowdown in consumer demand, future export growth may face greater challenges. At the same time, the continued weakness in import growth reflects sluggish domestic consumption, exacerbating deflationary risks. If China is to achieve its full-year GDP growth target of 5%, it may need to introduce stimulus policies aimed at boosting domestic consumption soon.