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China's July Exports To Maintain Double-Digit Growth-Journal

CHINA PRESS
MNI (Singapore)

China’s July exports will remain robust with double-digit growth likely around 15% y/y in U.S. dollar terms, supported by the supply advantage of China’s manufacturing industry, the China Securities Journal reported citing analysts. The throughput of foreign trade goods at coastal ports monitored by the China Port Association increased by 6.3% y/y, reversing June’s 3.4% fall, the newspaper said. External demand is still guaranteed with the U.S. and Japan’s July manufacturing PMI in the expansionary zone and high prices amid overseas inflation will continue to form certain support for China’s exports. China Customs is set to release July trade data on Sunday.

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