China exports grow in August for 1st time in 2 years

BEIJING (AP) — China’s exports rose in August for the first time in two years, while the contraction in imports narrowed in a positive sign for global economic growth.

Customs data on Thursday showed exports grew by an unexpectedly strong 1.5 percent, up from July’s 12.5 percent plunge and the first monthly gain since 2014. Exports fell 2.8 percent but that also was better than forecast and an improvement over the previous month’s 4.4 percent contraction.

The export gain was a positive sign for Chinese leaders who are trying to protect millions of trade-supported jobs. The improvement in imports suggested lackluster Chinese domestic demand might be recovering.

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