Chinese exports rose sharply in July, according to official figures released on Friday, in a sign of resilience in the country’s trade activity despite the lingering impact of the coronavirus pandemic worldwide.
Exports rose 7.2 per cent in dollar terms compared with the same month a year earlier, according to data from China’s customs administration, defying expectations of a fall from economists polled by Reuters.
The sharp rise compares to a 0.5 per cent increase in June, when Chinese trade data began to improve after a severe contraction.
Higher demand for China’s goods comes after the economy returned to growth in the second quarter. It suggests that other economies are also beginning to emerge from the early stages of the crisis even as global trade levels remain depressed.
