China boosts its exports in July

China’s exports increased by 9.7% y-o-y in July amid an upturn in global trade, up from 8.6% in June and rising for a fourth consecutive month, according to a Reuters poll. The rise in exports comes amid an economic lull in China’s economy, which is fighting to generate momentum, says the newswire. Imports jumped by 3.5% m-o-m in July, after an unexpected drop of 2.3% in June, suggesting purchasing activity is on the rise due to a growth in new global orders. China’s economy is forecasted to gain traction in the second half of the year, with fiscal stimulus and export growth to support the country’s near-term growth, the newswire reports, citing a Capital Economics report.