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Imports tumble as exports' fall slows to drive up China's trade surplus

Time：2015-09-11 Browse：62 Author：RISINGSUN

CHINA`s imports fell 14.3 per cent year on year in August, sharpening from an 8.6 per cent fall in July, reports London`s Financial Times.

Meanwhile August exports dropped 6.1 per cent after an 8.9 per cent fall the month before.

The above amount were in yuan terms; in dollar terms, exports fell 5.5 per cent while imports were down 13.8 per cent.

Slowing imports helped boost the country`s trade surplus by almost 40 per cent from July to CNY638 billion, nearly even with the CNY370 billion record set in February.

"The slowing domestic economy has cut imports," Moody`s Analytics wrote before the data was released, "although there are tentative signs of improvement in volumes of commodity imports, indicating that monetary easing is starting to help real investment."