China Trade statistics for August Decline in both imports and exports Reflected intensified friction with the United States September 8, 14:36
According to China's trade statistics announced last month, both exports and imports were below the same month last year, reflecting weak domestic demand in China and intensified trade friction with the United States.
According to the August trade statistics released by the Chinese customs authorities on August 8, the total trade of China's exports and imports totaled more than $ 394.76 billion, down about 3% from the same month last year.
Exports declined by 1% and imports declined by 5%. Of this, the decline in imports reflects the weak domestic demand in China, which continues to slow down.
On the other hand, in trade with the United States, which has trade friction, China's exports to the US decreased by 16%, and imports from the US decreased by 22%.
As a result of repeated measures by the United States and China to add taxes on each other's imported goods, the trade between the two countries has continued to shrink significantly.
However, since China's exports have not declined as much as imports, China's trade surplus with the United States was about 27 billion dollars last month and nearly 3 trillion yen in Japanese yen. .
On the 1st of this month, the United States and China launched additional tariffs on their imports, and it is expected that new measures will be launched from next month. There is also concern that the impact will spread.