Chinese Economic Data Shows Imports and Exports Rose More Than Was Expected in July

Analysts warning against being overly optimistic


Growth in Chinese exports and imports rose more than expected in July, a sharp recovery from the previous month.

Chinese exports rose 5.1% compared with a year earlier while imports gained 10.9%.

The rises were large swings from June's data, which showed exports had fallen 3.1% and imports had dropped 0.7%.

Last month, the government reiterated its 7.5% economic growth target for this year, after expansion slowed in the second quarter.

The July data meant the trade surplus narrowed to $17.8bn (£11.5bn), down from June's $27.1bn.