India, Aug. 7 -- China's exports logged a robust growth in July as the sharp decline in shipments to the US was offset by the rise in exports to the EU and other markets, official data revealed Thursday.
Exports surged 7.2 percent on a yearly basis, following June's 5.8 percent increase, the customs office reported. Exports were forecast to climb 5.4 percent.
At the same time, imports climbed unexpectedly by 4.1 percent from a year ago after rising 1.1 percent in June. Exports were forecast to fall 1.0 percent.
As a result, the trade surplus fell to $98.2 billion from $114.7 billion in June. The surplus was seen at $105.2 billion.
China's exports to the US declined 21.7 percent from the last year, deeper than the 16.1 percent drop in Ju...