China's Exports and Imports Continue to Decline in August, But Better Than Expected

China's exports fell 8.8% in August, marking the fourth consecutive month of decline.
Imports also slid 7.3% from a year earlier, but drops were less than economists predicted.
China's trade surplus shrank 13.2% to $68.36 billion as both exports and imports fell.
Chinese leaders have implemented measures to boost economy, including easing borrowing rules and tax relief.
Weak global demand and higher interest rates abroad impacted demand for Chinese exports.