China imports Rapidly Rose this month

China announced a surprise increase in imports in August, leading to a decline in the trade surplus by 20 billion dollars (13 billion EUR).

Imports increased by 35.2% over the previous year, expected to outperform the market by 26.1%. This means that imports a bit faster than exports, which rose by only 34.4% grew as expected. The news follows a surprising decline in the U.S. trade deficit in July, can weaken critics of Chinese trade practices in the U.S..
Down but not out. The U.S. Congress is due to the hearings next week on controversial exchange growth rate of China policy.

Many politicians and economists take the Chinese keep the yuan weak to compete their exports unfairly. Despite shrinking slightly, China’s trade surplus in August was his third consecutive monthly surplus of more than $ 20 billion.