China's record trade surplus with US in Aug beats forecasts in Yuan terms

Trump said late last month that China was devaluing the currency in an attempt to make up for lack of demand

China’s trade surplus with the US rose to a record in August, as President Donald Trump ramps up pressure on Beijing.

The nation’s trade gap with the US widened to $31.1 billion during the month, according to Bloomberg calculations. The increase came despite exports climbing at the slowest pace since March. Shipments rose 9.8 per cent in dollar terms, the customs administration said Saturday. Imports climbed 20 per cent.

Chinese exporters are feeling the pain as trade tensions between the world’s two biggest economies get worse. Trump turned up the heat again on Friday, threatening to impose tariffs on an