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

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

   

Next In Business News

Industrial projects look increasingly attractive
Dutch Lady’s balancing act amid escalating costs
Demand for co-working space remains resilient
Fed dampens hopes for rate cut
F&N to use cost management measures
Changing office space requirements
Naza makes entry into green economy
CapBay aims to provide financing to more SMEs
New initiative for infrastructure needs in Perak
Ocean Fresh seeks ACE Market listing

Others Also Read