China August yuan-denominated exports up 4.8% y/y, imports rise 1.7%

BEIJING, Sept 8 (Reuters) - China's yuan-denominated exports rose 4.8% year-on-year in August, while imports grew 1.7%, state media said on Monday.

U.S. President Donald Trump's erratic trade policy - marked by multiple rounds of tit-for-tat tariff hikes with Beijing and other forms of trade restrictions - has heaped pressure on China's export-oriented economy, while domestic demand has been tepid, posing a serious test to policymakers.