China’s exports defy trade war headwinds in July as growth surges to 7.2%


China’s exports continued to accelerate in July as a fall in shipments to the United States was offset by growth in a range of markets, including Africa, Europe and Latin America, with chip exports surging by nearly 30 per cent, year on year.

The world’s largest goods exporter saw outbound shipments rise last month by 7.2 per cent, year on year, to US$321.8 billion, according to customs data released on Thursday.

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