China’s international trade in goods and services reached in August of this year a value of 4.18 trillion yuan ($585.2 billion), representing a 4 percent increase compared to the same month last year, according to official statistics.
In U.S. dollar terms, the nation’s exports of goods and services totaled $322.4 billion, while imports were recorded at $263.5 billion, resulting in a surplus of $58.9 billion, as reported by the State Administration of Foreign Exchange.
As per the data shared by Xinhua, the export value for goods was approximately 2.07 trillion yuan, while the import value for goods was around 1.5 trillion yuan, yielding a surplus of 572.4 billion yuan.
For services, the value of exports reached 230.8 billion yuan, whereas the value of imports stood at 383 billion yuan, leading to a deficit of 152.2 billion yuan.
China’s industrial output continued to show steady growth in August, driven by emerging growth sectors and robust exports.
According to official data released by the National Bureau of Statistics (NBS), the country’s value-added industrial output, a key economic indicator, increased by 4.5 percent year-on-year in August.
Month-over-month, industrial output rose by 0.32 percent from July.Â
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