Haier

China exports up on demand for phones, appliances

China’s exports rose in August for a third consecutive month. The growth was fueled by global demand for stay-at-home items as the coronavirus pandemic drags on.

Customs data show exports increased 9.5 percent last month from a year earlier to about 235 billion dollars.

The strong gain reflects robust demand for smartphones and home appliances. Shipments of masks and medical equipment also rose sharply.

Imports dropped 2.1 percent, however, for a second straight month of decline, to about 176 billion dollars. While China’s economy has started to recover earlier than other coronavirus-hit nations, domestic consumption remains sluggish.-NHK World

Share this:

Leave a Reply

Stay Updated on TV Veopar Journal.
Receive our Daily Newsletter.