China's exports and imports grew at a slower-than-expected pace in July following outbreaks of COVID-19 cases in eastern and southern Chinese provinces, the country's main export hubs.
The world's biggest exporter has staged an impressive economic rebound from a coronavirus-induced slump in the first few months of last year after quickly containing the pandemic.
Seasonal floods and bad weather last month also affected industrial production in some areas such as central China.Exports in July rose 19.3% from a year earlier, compared with a 32.2% gain in June. Analysts polled by Reuters had forecast a gain of 20.8%. China posted a trade surplus of $56.58 billion in July, compared with the poll's forecast for a $51.54 billion surplus and $51.53 billion surplus in June.
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