China's Export Growth Slows in July Amid High-Tech Demand and Trade Tensions
China's export growth slowed slightly in July, with exports rising nearly 24% compared to a 27% increase in June. Despite the slowdown, demand for high-tech electronics and vehicles remained robust. The trade surplus narrowed to $112.5 billion from $125.6 billion in June. Disruptions from typhoons and ongoing trade tensions, particularly with the U.S., contributed to the slowdown. China's exports of high-tech items surged nearly 41% in the first seven months of the year, while vehicle exports, many electric, jumped 55%. The trade data highlights China's transition to supplying advanced manufacturing components.