China's July exports grow 18.0%, imports up 2.3%

  • 2/5/2023
  • 01:31
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BEIJING, August 07, 2022, SPA -- China's exports grew 18.0% in July from a year earlier, the fastest pace since January 2022 and beating analysts' expectations, while imports rose 2.3%, customs data showed on Sunday, according to Reuters. Analysts in a Reuters poll had expected exports to rise 15.0% after a solid 17.9% gain in June. Imports were expected to rise 3.7% after edging up 1.0% in the previous month. China posted a record trade surplus of $101.26 billion in July, versus a forecast for a $90.0 billion surplus in the poll and a $97.94 billion surplus in June. --SPA 09:13 LOCAL TIME 06:13 GMT 0005 www.spa.gov.sa/w1770478

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