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BEIJING — China’s exports grew 18.0% in July from a 12 months earlier, the quickest tempo since January 2022 and beating analysts’ expectations, whereas imports rose 2.3%, customs knowledge confirmed on Sunday.
Analysts in a Reuters ballot had anticipated exports to rise 15.0% after a strong 17.9% acquire in June.
Imports have been anticipated to rise 3.7% after edging up 1.0% within the earlier month.
China posted a document commerce surplus of $101.26 billion in July, versus a forecast for a $90.0 billion surplus within the ballot and a $97.94 billion surplus in June. (Reporting by Ellen Zhang and Ryan Woo; Modifying by Kim Coghill)
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