(MENAFN) Figures showed that China's trade surplus soared to record of USD49.8 billion in August on a surprising falling imports and a slow export growth, Gulf News reported.
Imports dropped 2.4 percent over a year ago to USD158.6 billion, while exports increased 9.4 percent to USD208.5 billion, data from the General Administration of Customs showed.
The drop of imports was higher than July's 1.6 percent fall and missed the median forecast of a 2.7 percent increase, while exports beat estimates of a 9.2 percent increase.
"Slower import growth reflects cooling investment, particularly in the property sector, which has weighed on commodity demand," ING economist said in a statement.
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