HONG KONG—China’s export machine remained surprisingly resilient in July following a strong bounceback from the spring’s harsh Covid-19 restrictions, defying again predictions of softening global demand for Chinese-made goods.
Chinese shipments to the rest of the world rose to $332.9 billion in July, China’s General Administration of Customs said Sunday, an 18% increase compared with a year earlier. The reading beat a median forecast of 15.6% growth among economists polled by The Wall Street Journal. July’s year-over-year growth rate represents an acceleration from the 17.9% pace in June.
