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Chinese imports rise for first time in nearly two years
CHINESE imports rose for the first time in nearly two years while exports fell again in August as weak demand and global uncertainty continued to weigh on the world's second-largest economy.
But the decline wasn't as steep as in July. Exports slid 2.8 per cent last month over year-earlier levels, following a decline of 4.4 per cent in July, the General Administration of Customs said.
The median forecast from 15 economists polled by the Wall Street Journal was for a four per cent export decline.
Imports in August increased by 1.5 per cent from a year earlier, reversing a 12.5 per cent slump in July. The rise, which beat forecasts, was largely a reflection of higher prices for raw materials with little sign that domestic demand, consumption or investment have picked up.
But the decline wasn't as steep as in July. Exports slid 2.8 per cent last month over year-earlier levels, following a decline of 4.4 per cent in July, the General Administration of Customs said.
The median forecast from 15 economists polled by the Wall Street Journal was for a four per cent export decline.
Imports in August increased by 1.5 per cent from a year earlier, reversing a 12.5 per cent slump in July. The rise, which beat forecasts, was largely a reflection of higher prices for raw materials with little sign that domestic demand, consumption or investment have picked up.
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