Is China’s Economy on the Road to Stability?
The figures from August showing China’s increased exports are another sign that the country’s economy is improving. It looks like the world’s second largest economy is picking up again after a two-quarter slowdown, says Bloomberg.
According to the General Administration of Customs, the country’s overseas shipments have increased 7.2 percent from last year. Exports to both the U.S. and the EU, China’s two biggest export markets, increased as both places increased their own manufacturing.
Part of the response in the economy is due to the measures taken by the Premier Li Keqiang. This includes small business tax cuts and investing more heavily in railroads among other measures.