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.

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