China exports robust in July as port activity rebounds DStv403
Outbound shipments from the world's second-largest economy have remained resilient this year, boosted by demand for goods like medical gear and electronics needed to work from home -- with a resurgence in coronavirus cases elsewhere increasing reliance on Chinese products.
A Bloomberg poll of analysts had forecast the rise at 19.9 percent year-on-year, after a surprise spike of 32.2 percent in June.With the latest figures, China's overall trade surplus came in at $56.6 billion in July, up from $51.5 billion in June. "On the other hand, imports could have received a boost from the increase in commodity prices," she added.
"In addition to the Delta variant, China is dealing with other negative shocks to its near-term growth," Nomura economists said this week.
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