August 7, 2020

China exports see unexpected spike in July, imports down

Beijing (AFP) – China saw another surprise jump in exports last month as the global economy slowly reopened after virus lockdowns, data showed Friday, but there were warnings that while the country is expected to get back on track by year’s end, overseas shipments would likely struggle.The readings, however, showed an unexpected fall in imports, highlighting the battle leaders have in stoking domestic demand as a key driver of national growth.Exports rose 7.2 percent in July, customs data showed, smashing forecasts in a Bloomberg survey for a 0.7 percent drop. The figure was also a massive jum…

source https://this.kiji.is/en/664335837713319009?c=648607265489716321

Leave a Reply

Your email address will not be published. Required fields are marked *