Chinese Exports and Imports Beat Expectations in July

Chinese exports rose 5.1% compared with a year earlier while imports gained 10.9%.

The rises were large swings from June’s data, which showed exports had fallen 3.1% and imports had dropped 0.7%.

Last month, the government reiterated its 7.5% economic growth target for this year, after expansion slowed in the second quarter.

The July data meant the trade surplus narrowed to $17.8bn (£11.5bn), down from June’s $27.1bn.

via BBC

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, Alfonso Esparza established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He has been published by The MarketWatch, Reuters, the Wall Street Journal and The Globe and Mail, and he also appears regularly as a guest commentator on networks including Bloomberg and BNN. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza