The General Administration of Customs of China recently released foreign trade data, stating that the total import and export volume of China's foreign trade in August reached 2.88 trillion yuan, a year-on-year increase of 6%. Reuters reported that China's foreign trade data in August this year hit a new high, exceeding expectations and setting a record for the fastest monthly export growth rate in a year and a half.

Foreign media: China has made a good start

The General Administration of Customs of China pointed out that in August, China's exports totaled 1.65 trillion yuan, an increase of 11.6% year-on-year; Import reached 1.23 trillion yuan, a year-on-year decrease of 0.5%. In the first eight months of this year, the total import and export value of China's goods trade was 20.05 trillion yuan, a decrease of 0.6% compared to the same period last year, and a decrease of 1.1 percentage points compared to the first seven months. The increase in China's export volume in August was the largest since March last year.

Reuters pointed out that China's exports have been growing for three consecutive months. The strong growth of Chinese exports means that the Chinese economy will recover at a faster and more stable pace, mainly thanks to the government's stimulus measures

The Guardian published an article stating that the growth of Chinese exports in August gave a good start to the global economy. This indicates that the global economy is rebounding and the demand for manufacturing products is increasing.

According to the Associated Press, China's control of the epidemic has enabled it to lift the blockade earlier and revive the economy, benefiting Chinese exporters.

Economists at Barclays Bank in the UK say that China's strong exports reflect the recovery of demand from countries outside of China, and the growth momentum of exports will continue in the future.

Economist Louis Gao from the Oxford Institute of Economics in the UK said, "China's exports have exceeded expectations and grown much faster than other countries around the world, gaining more global market share. China's exports have achieved year-on-year growth for three consecutive months, which is a good omen for global trade

Regarding the decline in import data in August, Julian Evans Pritchard, an economist at Kaitou Macro, a UK economic research firm, stated that China's import recovery rate may be faster than exports in the coming months.

South Korea's Kyongxiang News pointed out that currently, among the major global economies, China is undoubtedly the country with the best growth situation.