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China's August yuan-denominated exports fall 6.1 percent y/y - media

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Reuters BEIJING

BEIJING (Reuters) - China's exports denominated in yuan fell 6.1 percent in August from a year earlier, local media reported on Tuesday.

Imports fell 14.3 percent in yuan terms, sina.com said on its microblog Weibo Feed, without citing its sources.

That produced a monthly trade surplus of 368 billion yuan ($57.80 billion).

August trade figures in dollar terms were expected to be published later.

Exports were expected to drop 6.0 percent in August in dollar terms compared with a year earlier, after dipping 8.3 percent in July, a median forecast of 20 analysts polled by Reuters showed.

Imports likely shrank for a 10th straight month, slipping 8.2 percent, following a drop of 8.1 percent in July, reflecting both weak global commodity prices and persistently soft domestic demand.

 

($1 = 6.3666 Chinese yuan)

(Reporting by Winni Zhou, Xiaoyi Shao and Kevin Yao; Editing by Kim Coghill)

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First Published: Sep 08 2015 | 10:16 AM IST

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