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China July exports rise, with trade surplus at record-high

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China’s export growth continued to rise in July, sending trade surplus to a record high, according to government data.
China’s exports grew 18% to $333 billion compared to the same period last year, and were up from 17.9% in June, according to data from China’s customs.
Imports, however, remained soft, growing 2.3% in July compared to a year ago. That was lower that economists’ estimates of 4%, and suggests weak domestic demand amid lockdowns across the country as China attempts to stem the outbreak of COVID-19.

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