The positive trade momentum in July is bolstered by a range of factors, including growing overseas demand amid looming global interest rate cut cycle. The 2024 Paris Olympic Games have also partly helped to drive the global demands for “Made in China” commodities, ranging from sports equipment, souvenirs to other goods.

Despite US-led blockade against China’s industries, the exports of integrated circuits recorded a year-on-year increase of 25.8 percent, while the exports of auto vehicles went up 20.7 percent.

Read the article.