China’s foreign trade posted a mixed performance in July, with exports growing at the highest rate in seven months and imports returning to decline after rising the previous month, according to official figures.
Goods exports grew 7.2% year-on-year to $237.6 billion last month, up from 0.5% growth in June and the fastest expansion since December, according to data (link in Chinese) from the General Administration of Customs released on Friday. The reading beat the median forecast for a 1% rise in a Caixin survey (link in Chinese) of economists.
Imports fell 1.4% year-on-year in July to $175.3 billion, a reversal from a 2.7% rise the previous month. The reading was lower than the Caixin survey’s median forecast of 0.8% growth.
Contact reporter Guo Yingzhe (yingzheguo@caixin.com) and editor Flynn Murphy (flynnmurphy@caixin.com)
