Trade data improve economic prospects

China Daily

China's exports in July rose 5.1 percent year-on-year after sliding 3.1 percent in June, the General Administration of Customs said. Imports surged 10.9 percent, compared with the 0.7 percent decline in June. "The July figures are satisfactory," said Huo Jianguo, president of the Chinese Academy of International Trade and Economic Cooperation, a government think tank. "Exports returned to the normal growth track and the sharp rebound of imports signals the easing of downward pressure on the Chinese economy," Huo said.

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