Trade was: China's exports are still soaring despite US tariffs
The performance is surprising because of the first full month of which $ 200 billion of Chinese goods were in effect. The economists and Chinese government officials said they were expecting growth in the final months of the year.
The US tariffs on $ 200 billion of goods are being kicked out in September the end of the year.
This "encourages exporters to rush through orders to the United States," Louis Kuijs, head of economics at Oxford Economics, wrote in a client note Thursday. But he added that it's "obviously not the whole story."
The downward slide in China's currency is also playing a role. The yuan has slumped almost 1
0% against the dollar since February as investors have become more concerned about the health of China's economy and the potential impact of the escalating trade.
Tags China39s exports soaring tariffs Trade