China's July exports up 5pc as imports jump 11pc ahead of projections

11 August 2014Shipping News

CHINA's July export figures grew 5.1 per cent year on year, up from a 3.1 per cent drop in June, reported London's Financial Times. 

Imports increased 10.9 per cent, up from a decline of 0.7 per cent the month before. indicating that China's economy could be stabilising after a bad first half. 

Both figures are well ahead of forecasts, pointing to a steadying of the country's economy after a sharp slowdown in exports and imports during the last few months. China may also be catching a tailwind from overseas, with early signs that the Eurozone could exit recession in the second half of the year.