Trade data improve economic prospects

Strong rebound suggests second-largest economy is stabilizing, analysts say

Global investors got a sigh of relief on Thursday, as China's better-than-expected trade growth appeared to suggest world demand is recovering.

China's exports in July rose 5.1 percent year-on-year after sliding 3.1 percent in June, the General Administration of Customs said. Imports surged 10.9 percent, compared with the 0.7 percent decline in June.