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China’s Export Growth Stays Unexpectedly Robust, Offsetting Broader Weakness
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HONG KONG—China’s export machine remained surprisingly resilient in July following a strong bounceback from the spring’s harsh Covid-19 restrictions, defying again predictions of softening global demand for Chinese-made goods.
Chinese shipments to the rest of the world rose to $332.9 billion in July, China’s General Administration of Customs said Sunday, an 18% increase compared with a year earlier. The reading beat a median forecast of 15.6% growth among economists polled by The Wall Street Journal. July’s year-over-year growth rate represents an acceleration from the 17.9% pace in June.
Read more on wsj.comAbout this in other media
A high-profile meeting in China may have tipped off which provinces will have highest growth cnbc.com /2 years ago
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