China Trade Figures For July Beat Forecasts
China's trade outpaced expectations in July, in a possible sign that world's second-largest economy is stabilising, following a slowdown this year.
The rebound is a rare optimistic sign following fears over China's economic expansion amid weak global demand, as policymakers have tried t to cool a local credit boom.
Exports rose 5.1% compared with the same period a year earlier while imports leaped 10.9%, customs data showed.
Economists had expected growth, though at a slower rate.
China's politically sensitive global trade surplus narrowed to $17.8bn (£11.5bn).
Exports to the United States edged up 2.3% however exports to Europe contracted 2.8%.
The latest trade figure disparity further fuels signs of US green shoots emerging while Europe stagnates.
The expansion comes after trade fell in June, when exports contracted by 3.1% while imports shrank 0.7%.
China's economy grew 7.5% in the three months ending in June over a year earlier, down from 7.7% in the previous quarter, as growth in factory production and investment slowed.
Some analysts suspect growth in China could slide below 7% in coming quarters.
The latest data could help support Chinese leaders, who are facing pressure to achieve a 7.5% growth target for the year.
The target is far stronger than forecasts for the United States, Europe and Japan, but would be the country's weakest performance since 1991.