July export print smashes expectations
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Exports are the gift that keeps on giving.
According to the July trade data, released by China's customs bureau (GAC) on Thursday:
Exports rose 7.2% y/y, up from 5.9% in June
Imports expanded 4.1% y/y, up from 1.1%
China’s trade surplus hit USD 98.2 billion, up 14.9% y/y – the second-biggest July s...