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China's August yuan-denominated exports fall 6.1 per cent on year: media

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China's exports denominated in yuan fell 6.1 per cent in August from a year earlier, local media reported on Tuesday.

[BEIJING] China's exports denominated in yuan fell 6.1 per cent in August from a year earlier, local media reported on Tuesday.

Imports fell 14.3 per cent 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 (S$82.5 billion).

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

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

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

REUTERS

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