China posted stronger-than-expected trade figures on Thursday, the latest in a string of upbeat data and raising hopes that the world’s second biggest economy may be stabilizing.
Exports rose 5.1 percent in July, compared to a Reuters forecast of a 3 percent rise, and much better than the 3.1 percent fall in June.
Meanwhile, imports jumped 10.9 percent in the month, versus expectations of a 2.1 percent rise and following the 0.7 percent drop in June.
Trade surplus came in at $17.8 billion, compared to forecast of $27.2 billion.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.