BEIJING - China saw another surprise jump in exports last month as the global economy slowly reopened after coronavirus lockdowns, data showed on Friday , but there were warnings that while the country is expected to get back on track by year's end, overseas shipments would likely struggle.
Exports rose 7.2 per cent in July, customs data showed, smashing forecasts in a Bloomberg survey for a 0.7 per cent drop. The figure was also a massive jump from the 0.5 per cent increase in June, which also beat expectations. But success in containing the disease domestically and the easing of measures helped it rebound rapidly in the following three months, and Capital Economics said in a recent report that the country is"on course to return to its pre-virus path" by year-end.
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