China imports surged 30.2% in August from a year ago, following a 22.9% rise in July, shrinking...

|By:, SA News Editor

China imports surged 30.2% in August from a year ago, following a 22.9% rise in July, shrinking its trade surplus to $17.8B from $31.5B even as exports rose 24.5%. Economists say the data allays concerns of a sharp slowdown in Chinese demand, even as the rest of the global economy sags.