Exports from China declined 2.80% on a year over year basis in August, data from the National Bureau of Statistics showed on Thursday. It was slightly better than the forecast of 4.00% decline in exports and better than the 4.40% decline seen in July. Imports on the other hand grew at a pace of 1.50%, after falling 12.50% in July. Imports increased for the first time since 2014 and beat estimates forecasting a 5.40% decline. China's trade surplus as a result came in at 52.05 billion in August, compared to 52.31 billion in July and slightly lower than the forecasts of 58.8 billion.