Export sector performance exceeds expectations

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The Star 3h ago

Export sector performance exceeds expectations - The Star

Quick Summary:

CHINA's export sector saw a better-than-expected performance in the first seven months of the year as overseas demand remained on a steady growth trajectory, fueled by the strong competitiveness of Chinese products across various sectors, officials and analysts said on Wednesday.

Moreover, the improved domestic appetite and strengthened business sentiment in the world's second-largest economy, thanks to a package of policy measures over the past months, have propped up the steady growth of its imports, they said.

Notably, the promising momentum continued in July, marking the fourth consecutive month of registering a year-on-year expansion rate of over 5 percent, said Lyu Daliang, director of the administration's department of statistics and analysis.