China data comes in strong

Posted by Marketwatch

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China reported much better than expected trade results for July on Thursday, marking a sharp recovery from the previous month.

Chinese trade data showed exports rising 5.1% from a year earlier, swinging from June’s 3.1% fall, the customs agency said.

Imports, which had dropped 0.7% in June, showed a 10.9% leap for July.

The results far exceeded expectations from a Reuters survey of economists….

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