China’s mercantile activity rebounded and grew 8.6 points in August

Beijing, Sep 7 (Prensa Latina) China reported a strong rebound of 8.6 percent in trade in August, boosting the recovery after the slow growth reported in April caused by the economic disruptions associated with the Covid-19 outbreak.

September 7, 2022
09:16

According to the General Administration of Customs, the total volume of foreign trade during the period was more than 531 billion dollars.

In detail, exports experienced a rise of 11.8 points, imports increased 4.6 and the trade surplus increased 40 points.

Foreign trade grew 10.1 percent between January and August and the figures show the recovery in August after increasing just 0.1 percent in April.

In May, China began to relax the confinement, reactivate production at an accelerated pace and normalize international cargo transportation in Shanghai, its financial heart and a major world center for the movement of goods.

The Government put into force multiple measures aimed at stabilizing, reviving and providing the economy with resilience in the face of the uncertainties generated by the Covid-19 outbreak and the Russia-Ukraine conflict.

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