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No easy fixes for China’s two-track economy
While exports remain a bright spot, weakness across property and domestic demand underscores Beijing’s challenges in sustaining its economic expansion.
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China's July exports surprisingly surged at the fastest pace in months, while its gross domestic product grew at a healthy 5.3 per cent during the first six months of the year.
PHOTO: REUTERS
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A week ago, it looked like China was in a good place. Its July exports had surprisingly surged 7.2 per cent at the fastest pace in months, defying predictions that US President Donald Trump’s trade war would sap the country’s export engine and wreak havoc on its economic trajectory.
The outbound shipments exceeded the 5.4 per cent to 5.8 per cent growth rate estimated by economists, and added more optimism to the robust performance of the first half of 2025, when exports grew 5.9 per cent.
