ิBEIJING - China’s export growth moderated in July as stable global demand helped offset the risk of a trade war with the US.
Exports rose 11.2% in July in yuan terms, the customs administration said Tuesday. Imports increased 14.7% to leave a trade surplus of 321.2 billion yuan (US$47.9 billion). Exports and imports both fell short of economist projections in a Bloomberg survey.
Demand for Chinese products has proven resilient as growth in major trading partners continued to recover. At home, stronger-than-expected output has also supported robust import demand.
The world’s largest exporter is confronting more uncertainty, as US President Donald Trump continues sporadic tough talk on China. The White House may be considering an investigation into alleged intellectual property violations, which could risk igniting broader trade conflict.
Citic Securities Co said in a research report that rising US protectionism coupled with anti-globalisation sentiment in Europe will take its toll on China’s exports.