It has been a good month for China. Multiple studies and economic indicators have shown an increase and steadying of the economy. Some key facts and figures:

China’s exports rose 5.1 percent in July from a year earlier and imports were up 10.9 percent, according to customs data. Economists had expected trade to grow after it shrank in June, but the rate of growth surpassed expectations.

Factory output rose 9.7 percent in July from a year earlier, the fastest growth since output grew 9.9 percent over January and February, National Bureau of Statistics data showed.

Imports of iron ore, an important commodity used to make steel, surged 24 percent by volume, while copper imports grew 12 percent.

The median estimate of 47 economists surveyed by Bloomberg News was for growth of 8.9 percent, unchanged from June’s rate.

Economists said the surge in imports suggested that domestic demand was holding up, a major goal for China’s policy makers, who are trying to reduce the economy’s dependence on trade and investment in favor of more self-sustaining domestic consumption.

Some analysts look to indicators such as box office receipts or salt consumption for clues on how activity is holding up.


The auto sector, a barometer for manufacturing since it spins off demand in goods from chemicals to metals, is also displaying resilience. Vehicle sales were up 9.9 percent in July from a year ago, down from June but steady within a trend seen in the past year.

Some firms too are reporting upbeat sales, retail sales advanced 13.2 percent. Luxury Italian fashion house Prada said China helped to lift its sales by 12 percent in the six months to July.

And these measures echo Beijing’s line: that China’s economy has slowed, but not as dramatically as some feared.

Read more about this month’s statistics at Bloomberg here. More from the New York Times here.