China Trade Data Exceeds Expectations

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.


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