China's robust export growth likely moderated in July amid an acceleration in COVID-19 cases globally and continuing severe pressure on global supply chains, a Reuters poll showed on Friday.
Although there are signs China's strong industrial recovery in the first half of the year may be losing some momentum, overseas demand has remained strong in recent months even as factories in many countries return from lockdowns.
Exports are expected to have risen 20.8% in July from a year earlier, according to the median forecast in a Reuters poll of 21 economists, compared with a 32.2% gain in June. Exports grew much faster than expected in June, as solid global demand led by easing lockdowns and vaccination drives eclipsed fresh virus outbreaks and port delays.
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