China July exports up annual 5.1 percent, imports surge
Female Chinese workers sew clothes to be exported to European Union at a garment factory in Huaibei city, east Chinas Anhui province, 8 August 2013. A stronger-than-expected rebound in Chinas exports in July offered hope that the worlds second-largest economy may be stabilizing after a slowdown that has prompted the government to shore up activity. Data from the Customs Administration showed exports rose 5.1 percent in July from a year ago, beating economists expectations for a 3 percent gain after Junes 3.1 percent fall. But because imports jumped 10.9 percent from a year earlier, more than five times what analysts had forecast, the trade surplus of $17.8 billion was lower than expected.
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