Chinese imports and exports rose more than expected in July, customs authorities said on Thursday, pointing to a pickup in growth in the world’s second-largest economy.
Exports grew by 5.1 per cent in July compared to the same period last year, while imports increased by 10.9 per cent.
The results exceeded analysts’ expectations after figures for June showed that imports and exports had decreased compared to the previous year.
China’s economy grew by 7.7 per cent in the first quarter of this year, and by 7.5 per cent in the second quarter. The government has set a broad target of 7.5 per cent growth for the whole year.
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