China's economy appears to be recovering from the pandemic-induced
slowdown, reporting an on-year rise in exports of 7.2% in July
on Friday.
The increase confounded market analysts' expectations. They had predicted a modest drop in exports of around 0.2% – 0.7% caused by a recent spike in global virus infections, sparking renewed lockdowns and weakening global demand.
China, where the virus broke out in early December, was the first economy to shut down to fight the coronavirus and the first to reopen after the ruling Communist Party declared victory over the disease in March.
Read more at:
China′s July exports spike an unexpected 7.2% | News | DW | 07.08.2020
The increase confounded market analysts' expectations. They had predicted a modest drop in exports of around 0.2% – 0.7% caused by a recent spike in global virus infections, sparking renewed lockdowns and weakening global demand.
China, where the virus broke out in early December, was the first economy to shut down to fight the coronavirus and the first to reopen after the ruling Communist Party declared victory over the disease in March.
Read more at:
China′s July exports spike an unexpected 7.2% | News | DW | 07.08.2020
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