China July exports jump, but domestic economy still a worry
Credit: Reuters/China Stringer Network
Trucks drive past piles of shipping containers at the Qingdao port in Qingdao, Shandong province June 8, 2014.
That compared with market expectations in a Reuters poll of a 7.5 percent rise in exports, a 3 percent increase in imports and a trade surplus of $27 billion.
After a weak start this year, China's exports have shown signs of improvement helped by stronger global growth as well as supportive domestic policies and the effects of a weaker yuan.
Imports have also been weak, highlighting sluggish domestic demand, but recent data has pointed to signs of stabilization in the world's second-largest economy as a raft of government stimulus measures start to kick in.
(Reporting by China economics team; Editing by Jacqueline Wong)
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