China’s exports jump 25% in August in boost from AI build-out - FT中文网
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中国经济

China’s exports jump 25% in August in boost from AI build-out

Data released ahead of crucial meeting between Donald Trump and Xi Jinping on extending tariff truce
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{"text":[[{"start":8.88,"text":"China’s exports rose by a quarter in August on a year earlier, ahead of a crucial meeting this month between Xi Jinping and Donald Trump when the two leaders are expected to decide whether to extend a truce in their trade war."}],[{"start":23.6,"text":"Exports added 25 per cent in dollar-denominated terms year on year in August, official data from China’s General Administration of Customs showed on Tuesday, on the back of tech shipments from the global AI build-out. This compared with analysts’ forecasts of 25.9 per cent growth and July’s figure of 23.9 per cent."}],[{"start":44.96,"text":"Imports, which have been driven heavily by rising prices, including of chips, added 28.2 per cent year on year in dollar terms last month, up from 27.5 per cent growth in July but trailing analyst forecasts of 31 per cent growth."}],[{"start":null,"text":"

"}],[{"start":61.1,"text":"The Chinese president is due to make a state visit to the US late this month. The meeting is being closely watched for signs of whether the two superpowers will make inroads into their differences over trade."}],[{"start":73.389,"text":"The US wants China to reduce its surpluses by increasing domestic demand and lowering subsidies, while Beijing wants the US to scrap export controls on high-technology goods, especially semiconductors."}],[{"start":73.889,"text":"Data visualisation by Haohsiang Ko in Hong Kong"}],[{"start":94.64,"text":""}]],"url":"https://audio.ftcn.net.cn/album/a_1788840971_5815.mp3"}

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