In August, China's exports increase by 8.7%, surpassing predictions.

In August, the customs agency reported that China's exports increased by 8.7% compared to the previous year, when measured in U.S. dollars.

According to a Reuters poll, the growth rate in U.S. dollar terms was higher than the forecasted 6.5% year-on-year.

The poll showed that U.S. imports grew by 0.5% less than the expected 2% increase from a year ago in U.S. dollar terms. In July, exports rose by 7% from a year ago, while imports increased by a more-than-expected 7.2%.

The exports of China to its significant trading partners, including the U.S., European Union, and Association of Southeast Asian Nations, increased in August compared to the previous year. Specifically, exports to the EU increased by 13%.

In August, China's imports from the U.S. increased by 12% compared to the previous year, while imports from the EU decreased. Additionally, imports from ASEAN increased by 5%.

The data analysis revealed that China's imports from Russia decreased by 1%, while its exports increased by 10%.

Despite the economy's struggles to increase domestic demand, China's exports have remained a source of growth.

Official data released Monday showed that the core consumer price index, which excludes food and energy prices, increased by 0.3% in August compared to the same month last year. This was the slowest rise since March 2021, according to Wind Information.

The escalating trade tensions with the U.S. and European Union are causing China to increasingly rely on exports, resulting in added tariffs on Chinese electric cars and other products.

This is a breaking news story. Please check back for updates.