Surprise jump in exports boost China's economy
China's exporters were unexpectedly busy in August.
Data out Tuesday (September 7) showed overseas shipments rose by more than a quarter, year-on-year.
That was well ahead of the 17.1% forecast by analysts, and also a big jump on July's figure.
The world's biggest exporter has staged a strong recovery from its health-crisis-driven slump.
But economists were worried that fresh outbreaks and rising raw material prices could crimp growth.
Instead, exports of consumer electronics, furniture and other goods have all rebounded.
A recent gridlock at major ports also seems to have eased, giving shippers a boost.
Even so, manufacturers remain under pressure, partly due to the global shortage of computer chips.
The service sector has also slumped into contraction again.
As a result, many economists bet that China's central bank will soon take further steps to lift growth.
