China's exports surged 8.7% in August, reaching nearly $309 billion, marking a significant increase as the nation navigates a weak domestic demand scenario.
Despite the robust growth in exports, there is a troubling trend as Chinese exporters are cutting prices to remain competitive, raising concerns about profits.
The increase in export volume is outpacing the increase in value, indicating exporters are under pressure to maintain competitiveness amidst a challenging economic environment.
China has seen its Producer Price Index fall for 23 consecutive months, raising alarms about a potential 'deflation spiral' that could further impede economic recovery.
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