Exclusive: China's exports rise faster than expected in August

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Exclusive: China's exports rise faster than expected in August

Beijing, Sept 7 Reuters: China's exports rose at a faster pace of 25.6% from a year earlier in August and exceeded expectations, while imports also increased solidly by 33.1%, custom data showed on Tuesday.

Analysts forecast exports would rise 17.1% year on - year compared to growth of 19.3% in July.

Imports were expected to have risen 26.8%, versus August's 28.1% gain in July.

China posted a trade surplus of $58.34 billion in August, compared to the poll's forecast for a $51.05 billion surplus and $56.58 billion surplus in July. Reporting by Shri Navaratnam Editing by Colin Qian, Stella Qiu and Ryan Woo Editing by Ryan Woo