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China Imports Jump, Exports Robust as Trade War Yet to Take Toll

  • Trade surplus with U.S. remains near record high set in June
  • Full effect of tariffs yet to be seen in data: ING Economist
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Toby Lawson, head of global markets at Societe Generale Securities Australia, breaks down China’s trade data.(Source: Bloomberg)
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China’s exports grew faster than expected, while imports surged, showing both domestic and international demand continue to shrug off the uncertainty of the trade conflict with the U.S.

Exports rose 12.2 percent in July in dollar terms from a year earlier, the customs administration said Wednesday, faster than the forecast 10 percent. Imports climbed 27.3 percent, leaving a trade surplus of $28 billion.