Economic news

China's exports increased even faster in July

Exports from China rose quicker last month regardless of U.S. tariffs, as the country’s trade balance with the United States held positive at a level close to all-time peak, while the two states were slapping tariffs on each other, stunning financial markets.

In July exports grew 12.2% compared to the same period in 2017, surpassing expectations of a 10% lift in a recent poll by Reuters, and overcoming June’s advance of 11.2%.

Last month’s imports gained at a more rapid rate as well, pushed higher by home demand that is holding firm, today’s data showed.

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