BEIJING — Surprisingly strong rebounds in China’s exports and imports in July offered some hope that the economy might be stabilizing, government data showed Thursday, after more than two years of slowing growth, although an imminent rebound still looks improbable.
Data from the Customs Administration showed exports had risen 5.1 percent in July from the same month last year. Analysts had expected a 3 percent rise. It was a sharp turnaround from June, when exports had declined for the first time in 17 months.
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Reuters via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/IlzTsRTuAf8/
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