Economics
China’s Exports Jumped in July on Stronger U.S., Global Demand
- Exports to U.S. up by most since 2018, even as tensions rise
- Imports fell due to weak Chinese demand, cheaper commodities
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China’s exports rose in July as economic activity in the rest of the world recovered and shipments to the U.S. jumped, while imports unexpectedly contracted due to falling commodity prices and the ongoing fragility of China’s own recovery.
Exports rose 7.2% in dollar terms in July from a year earlier, while imports fell 1.4%, the customs administration said Friday. That widened the trade surplus to $62.33 billion in the month. Economists had forecast that exports would fall by 0.6% while imports would increase by 0.9%.