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China yuan-denominated exports, imports show solid July gains

Investing.com -

Investing.com - China's exports and imports showed health growth in July in yuan terms, data released on Tuesday showed, with key dollar-denominated figures due later in the day.

China reported July exports were up 11.2% in yuan terms while imports were up 14.7% in yuan terms from a year ago.

Market watchers keep their eyes on the world's second-largest economy ahead of a key Communist Party meeting in the fall.

Dollar-denominated trade data will be released later on Tuesday with China expected to report exports rose 10.9% in July year-on-year, down from an 11.3% gain in June, while imports rose 16.6%, compared to a 17.2% increase in the previous month for a trade balance surplus of $46.08 billion, wider than the $42.77 billion in June.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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