China July exports up 14.5% year-on-year, imports down 1.6 percent


BEIJING: China's exports in July jumped 14.5 percent from a year earlier, while imports fell 1.6 percent, leaving the country with a trade surplus of $47.3 billion for the month, the General Administration of Customs said on Friday.

That compared with market expectations in a Reuters poll of a 7.5 percent rise in exports, a 3 percent increase in imports and a trade surplus of $27 billion.

After a weak start this year, China's exports have shown signs of improvement helped by stronger global growth as well as supportive domestic policies and the effects of a weaker yuan.

Imports have also been weak, highlighting sluggish domestic demand, but recent data has pointed to signs of stabilization in the world's second-largest economy as a raft of government stimulus measures start to kick in. - Reuters

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