China’s Export Growth Sinks in August, Imports Shrink

China’s Export Growth Sinks in August, Imports Shrink
Cargo containers are stacked at Yantian port in Shenzhen in China's southern Guangdong Province on June 22, 2021. STR/AFP via Getty Images
The Associated Press
Updated:

BEIJING—China’s trade weakened in August as high energy prices, inflation, and anti-virus measures weighed on global and Chinese consumer demand, while imports of Russian oil and gas surged.

Exports rose 7 percent over a year ago to $314.9 billion, decelerating from July’s 18 percent expansion, customs data showed Wednesday. Imports contracted by 0.2 percent to $235.5 billion, compared with the previous month’s already weak 2.3 percent growth.