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Aug. 6, 2020, 11:53 p.m. EDT

China's exports better than expected in July

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By MarketWatch

BEIJING--China's exports posted a stronger-than-expected growth in July, as the gradual relaxation of Covid-19 lockdown policies in Europe and the U.S. boosted global demand.

China's exports increased 7.2% from a year earlier in July, compared with a 0.5% increase in June, the General Administration of Customs said Friday. Economists in a Wall Street Journal poll had expected a 0.1% increase.

Imports dropped 1.4% from a year earlier in July, reversing a 2.7 % increase in June and lower than economists' expectations of a 1.0% growth.

China recorded a $62.33 billion trade surplus last month, much higher than the $46.42 billion surplus in June and the $42.50 billion surplus that economists had expected.

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