China foreign trade results better than expected

Exports up 11.6% in August, backed by new growth engines

BEIJING: Despite global economic uncertainties amid the Covid-19 pandemic, China’s foreign trade has maintained better-than-expected performance since the second quarter of this year, with trade in services, cross-border e-commerce and private sector transactions emerging as new growth engines, according to government officials and economic analysts.

In August alone, the country’s exports surged by 11.6%, with imports dipping only 0.5%, according to the General Administration of Customs.