China’s exports are expected to maintain a high rate of growth in Q3, while Chinese imports are expected to experience a further recovery, the China Securities Journal reported following July's trade data. China’s low-priced industrial products are seizing a greater global market share, with high inflation overseas putting the wider global manufacturing sector under pressure. The significant increase in exports to the EU, influenced by tight energy supply, provided a key boost to exports in July, the newspaper said, citing Wang Qing, chief macro analyst of Golden Credit Rating. External demand is still robust, especially when it comes to automobiles and clothing, and the adverse impact of overseas interest rate hikes is not yet obvious in the data, the newspaper said, citing analysts.
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