China's August trade figures fall less than expected
China's exports fell 8.8 percent in August year-on-year, while imports contracted 7.3 percent, customs data showed on Thursday, increasing pressure on the country's vast manufacturing sector as demand sags at home and abroad.  However, the figures were better than expected, with a poll of economists conducted by Reuters news agency forecasting a fall of 9.2 percent in exports and a drop of nine percent in imports.  The world's second-largest economy risks missing Beijing's annual growth target of about five percent as officials wrestle with a property slump, weak consumer spending and tumbling credit growth, leading analysts to downgrade growth forecasts for the year.  Beijing has announced a series of measures in recent measures to shore up growth, with the easing of some borrowing rules last week by the central bank and the top financial regulator to aid homebuyers.  Chinese factory activity shrank for a fifth straight month in August, a purchasing managers' index showed last week, weighed down by a lack of new export orders and imported parts.  However, factory owners indicated producer prices had improved for the first time in seven months, in a nod to improving domestic demand.  South Korean shipments to China, a leading indicator of the latter's imports, dropped just a fifth last month, softening from a decrease of 27.5 percent a month earlier.  China posted a trade surplus of US$68.36 billion in August, compared with a forecast US$73.80 billion and a July figure of US$80.6 billion. (Reuters)