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China's strong export numbers beat forecasts and record surplus

  China's strong exports, together with the record surplus, could put pressure on the government to let the Chinese currency, the yuan, rise China's latest export numbers rose by 9.4% in August from a year earlier, beating forecasts of about 8% growth.

China

   There was particular weakness seen in corporate investment and real estate for the period.And while the rise in exports was more than expected, it compares with a rise of 14.5% in July.China's government has been trying to boost domestic demand while economic growth in the world's second-largest economy slows down.But it's been struggling this year, with growth slowing to 7.4% between January and March, an 18-month low.The mainland's economy recovered slightly in the three months to June to expand by 7.5%.Surprising numbers Some economists pointed to the latest export data from China as a sign the global economy was recovering.

 Others said the numbers were surprising and that the record trade surplus would not sit well internationally.Fresh export data from China is seen by some as a sign the global economy is recovering  "The strength in exports was quite broad based," said Louis Kuijs, an economist with RBS in Hong Kong.

  I was a bit surprised because we don't get the impression that global trade is doing fantastically - global trade is improving but not growing at 9%." He said he was "favourably impressed" by the latest export figures, but sceptical about how long the growth in exports could stay this strong. Mr Kuijs also said the strong exports, together with the record surplus, would put pressure on China's government to let the country's currency, the yuan, rise "in some way or other".

By BBC