A cargo ship carries international commerce containers on the Jiaozhou Bay waterway in Qingdao, Shandong Province, China, on August 5, 2025.
Costfoto | Nurphoto | Getty Photographs
China’s exports development in July sharply beat market expectations because the clock on a tariff truce with the U.S. retains ticking, whereas imports rose their highest bounce in a 12 months.
Exports climbed 7.2% in July in U.S. greenback phrases from a 12 months earlier, customs information confirmed Thursday, exceeding Reuters-polled economists’ estimates of a 5.4% rise.
Imports rose 4.1% final month from a 12 months earlier, accelerating the 1.1% rebound in June in its first development this 12 months. Economists had forecast imports to fall 1.0%, in response to a Reuters ballot.
That is breaking information. Please refresh for updates.
Keep forward of the curve with NextBusiness 24. Discover extra tales, subscribe to our e-newsletter, and be part of our rising group at nextbusiness24.com
