China’s July exports top expectations, rising over 7%; imports record biggest jump in a year

China’s exports growth in July sharply beat market expectations as the clock on a tariff truce with the U.S. keeps ticking, while imports rose their highest jump in a year.

Exports climbed 7.2% in July in U.S. dollar terms from a year earlier, customs data showed Thursday, exceeding Reuters-polled economists’ estimates of a 5.4% rise.

Imports rose 4.1% last month from a year earlier, accelerating the 1.1% rebound in June in its first growth this year. Economists had forecast imports to fall 1.0%, according to a Reuters poll.

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