China’s exports continued to outperform expectations in July, underscoring the country's reliance on overseas demand. Strong global appetite for artificial intelligence (AI)-related products and a rush to ship goods ahead of higher U.S. tariffs supported trade, according to customs data reported by Reuters.
Exports rose 23.9% year-on-year in U.S. dollar terms in July, slowing from June’s 27% increase but exceeding the 22.2% growth forecast in a Reuters poll. Imports also remained robust, climbing 27.5% from a year earlier, compared with a 36% rise in June and broadly matching expectations of 27.9%.
