China’s exports grew in July in excess of expectations

According to data released by the Chinese customs service on Friday, the dollar-denominated value of exports rose 7.2 percent year-on-year in July. Analysts expected a 0.2 percent shrink, following a 0.5 percent increase in June. July is the strongest figure for this year, most recently measuring a higher pace of 7.6 percent last December. (MTI)