China’s Easing Trade Slump Adds to Hope the Worst Is Over

(Bloomberg) — China’s trade slump eased in August, adding to early signals the worst may be over for some parts of the world’s second-largest economy as it tries to regain momentum.

Overseas shipments fell 8.8% in dollar terms from a year earlier while imports contracted 7.3%, both better than estimates and significantly less severe than July’s downturn. The trade surplus was $68 billion for the month.