Chinese exports rose in July, bucking expectations for a fall, while imports slipped for a third consecutive month as a resolution of the US-China trade dispute remained elusive.
Exports grew 3.3 per cent year on year in dollar terms in July, according to Reuters, bouncing back from a 1.3 per cent fall in the previous month. The reading was above economists’ estimates from a Reuters poll that forecast a 2 per cent fall.
Imports slipped 5.3 per cent, against a forecast of an 8.3 per cent fall and easing from a 7.3 per cent drop in June.
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