China exports robust in July as port activity rebounds

BEIJING: China’s exports remained robust in July despite losing some steam, customs data showed, with analysts noting a rebound in port activity but warning that the recent spread of the Delta variant could act as a drag on growth.

Outbound shipments from the world’s second-largest economy have remained resilient this year, boosted by demand for goods like medical gear and electronics needed to work from home — with a resurgence in coronavirus cases elsewhere increasing reliance on Chinese products.

With strict lockdowns and mass testing, business activity has largely returned to normal in China, although the country is now stepping up measures to contain the spread of the Delta variant with local outbreaks detected in more than a dozen provinces.

But trade remained strong in July, with exports growing slightly less than expected at 19.3 per cent from a year ago, said the Customs Administration. — AFP