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Aug. 7, 2019, 11:39 p.m. EDT

China's exports rose unexpectedly in July

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By MarketWatch

BEIJING--China's exports rose unexpectedly in July from a year earlier, despite the intensifying trade disputes with the U.S. that have dented market demand and soured confidence.

China's exports rose 3.3% on year last month, reversing a 1.3% decline in June, data from the General Administration of Customs showed Thursday. A Wall Street Journal poll of 13 economists had forecast a drop of 2% on year.

Imports continued to slump, sliding 5.6% on year in July, albeit less steeply than the 7.3% decrease recorded in June, the customs data showed. The WSJ poll forecast expected a decline of 9.0% in imports.

China's trade surplus with all trading partners stood at $45.06 billion in July, narrowed from the $50.98 billion surplus recorded in June, but wider than the $38.7 billion that economist had expected.

In yuan terms, China's exports rose 10.3% on year in July while imports increased 0.4%, the customs bureau said.

--Grace Zhu

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