Chinese exports grew 17.8% in July thanks to chips and electric cars

Official data published on August 7 in Shanghai shows that China's exports to the rest of the world increased by 17.8 percent year-on-year in July. The total value of these exports, denominated in yuan, reached approximately 2.71 billones de yuanes, equivalent to roughly 401.910 million dollars or 348.814 million euros.

According to the provided reports, this substantial growth in July was driven by key sectors such as microchips and electric vehicles. The release was also accompanied by commentary and analysis from market experts evaluating the trade performance.