China’s Trade Data for July

By Liz Lee and Ellen Zhang

BEIJING (Reuters) – China’s exports climbed 7.0% in July year-over-year, a slower growth than June and below expectations. Imports rose 7.2%, according to customs data released on Wednesday.

This performance contrasts with forecasts of 9.7% growth in exports and a 3.5% increase in imports from a Reuters poll.

In comparison, June figures indicated an 8.6% expansion in exports and a 2.3% contraction in imports.

Despite government efforts to stimulate domestic demand post-pandemic, the world’s second-largest economy struggles with momentum due to a prolonged property slump and job security concerns, affecting consumer confidence.