China's exports grew at a faster-than-expected pace in July, data from customs office showed on Thursday.
Exports surged 7.2 percent on a yearly basis, following June's 5.8 percent increase. Exports were forecast to climb 5.4 percent. At the same time, imports climbed unexpectedly by 4.1 percent from a year ago after rising 1.1 percent in June. Exports were forecast to fall 1.0 percent.
As a result, the trade surplus fell to $98.24 billion from $114.77 billion in June. The surplus was seen at $105.2 billion.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.