China's July Imports Surge, Exceeding Expectations While Export Growth Slows. U.S. Imports to China Skyrocket by 24%.

China's July Imports Surge, Exceeding Expectations While Export Growth Slows. U.S. Imports to China Skyrocket by 24%.

China's imports grew faster than expected in July, while export growth lagged behind forecasts, according to customs data. Exports rose in US dollar terms by 7 year-on-year in July, missing forecast and declining from in June. Imports were more than double the forecast. U.S. imports to China soared by 24, while imports from Southeast Asian countries and the EU rose by 11 and 7, respectively. Car exports jumped 26, while home appliances and smartphones also saw gains. Imports of crude oil and natural gas rose by 8 and 6, respectively.


User: Benzinga

Views: 304

Uploaded: 2024-08-07

Duration: 00:40

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