China’s export sector posts stronger than expected figures for July

Outbound shipments grew 18% after struggle with shortages of raw materials and lockdowns in first half of year

China's export industries performed strongly last month after spending the first half of the year hampered by shortages of raw materials and pandemic-related lockdowns at major ports.

Offering an encouraging boost to the economy, outbound shipments grew 18% in July from a year earlier, the fastest pace this year, official customs data showed on Sunday, beating analysts' expectations for a 15% gain, though imports remained sluggish.

Analysts had expected exports to fade amid growing signs that Europe, the US, UK and Australia are heading for recession, dampening the outlook for global consumption.