China Exports to US Slump 33% But Trade Surplus Heads for Record

China’s export growth slowed to the weakest in six months as a slump in shipments to the US deepened again, although a surge in sales to other markets kept Beijing on track for a record trade surplus of over $1.2 trillion this year.

Overall sales abroad rose 4.4% in August from a year earlier to $322 billion, according to a statement from the General Administration of Customs on Monday. That fell short of the median estimate in a Bloomberg survey and was far weaker than a gain of 7.2% in July. Exports to the US fell 33%, the ...