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Exports and imports in July

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China’s dollar-denominated exports rose 7.2% while imports fell 1.4% from a year ago, data from the country’s General Administration of Customs showed on Friday.

Economists polled by Reuters had expected China’s dollar-denominated exports to fall by 0.2% from a year ago, while imports were predicted to have risen 1% from a year ago.

In June, China’s dollar-denominated exports posted a rise of 0.5% compared to a year ago, and imports rose 2.7% in the same period.

In July, China posted a trade surplus of $62.33 billion, beating the $42 billion economists had expected. China’s trade surplus was $46.42 billion in June.

Despite the coronavirus pandemic hitting global demand, exports from China…



Source cnbc.com

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