China’s exports drop 8.8% in August

By Tuba Ongun

China's exports fell 8.8% year-on-year to $68.4 billion August due to lower global demand for Chinese goods, according to data released Thursday.

This was the fourth straight month of decline after a 14.5% drop posted in July, data from the General Administration of Customs showed.

Mainland China's imports fell 7.3% from a year ago to $216.5 billion in August.

Its trade surplus amounted to a 3-month low of $68.4 billion in the month, as exports decreased more than imports.