Trucks move shipping containers at a port in Qingdao in eastern China's Shandong province, Monday, June 10, 2019. China has reported a sharp jump in its trade surplus for May, as imports fell off and exports edged up. (Chinatopix via AP)
HONG KONG: China’s export growth rebounded in July, and imports shrank less than forecast, signaling some recovery in trade just as companies brace for the arrival of new tariffs from the U.S.
Exports increased 3.3% in July from a year earlier, while imports declined 5.6%, leaving a trade surplus of $45.1 billion, the customs administration said Thursday. Economists forecast that exports would drop by 1% while imports would shrink by 9%.
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