China’s Export Resilience: A Double-Edged Sword

In August 2024, China’s exports defied expectations, growing by 8.7% year-on-year in U.S. dollar terms. This surge outpaced the projected 6.5% increase, as reported by customs authorities. Meanwhile, imports inched up by a mere 0.5%, falling short of the anticipated 2% growth. The robust export performance stands in stark contrast to China’s sluggish domestic economy. […]