China's exports unexpectedly returned to growth in July Online Cigarettes Store USA on improved global demand
Online Cigarettes Store USA despite escalating U.S. trade pressure, but the rebound may be short-lived as Washington prepares to slap even more tariffs on Chinese goods.
Analysts say a sharp drop in the yuan currency this week may offer only limited help for Chinese exporters, who are facing additional U.S. levies next month, shrinking profit margins, and sputtering demand Newport box 100s menthol cigarettes worldwide.
July exports rose 3.3% from a year earlier, the fastest since March and more than the most optimistic estimate in a Reuters poll, customs data showed on Thursday. Analysts had expected a 2.0% drop after June's 1.3% fall.
But imports remained weak, declining 5.6% and highlighting sluggish domestic demand as China's economy struggles to get back on firmer footing. Still, the drop was less than an expected 8.3% and June's 7.3%.
The better-than-expected trade readings helped buoy Asian stock markets, which suffered Cheap Newport 100s cigarettes a heavy selloff earlier in the week as the Sino-U.S. trade war intensified and the yuan skidded to 11-year lows.
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