US Edition
China’s exports beat expectations in June, while imports rebound for the first time this year
CHINA, JUL 14 – China's exports grew 5.8% in June as a temporary tariff truce with the U.S. and expanded shipments to Southeast Asia and the EU helped offset declines in U.S.-bound goods.
- China's overall exports rose 5.8% year-on-year in June, while imports grew 1.1% for the first time this year, amid customs data release.
- This export growth follows a temporary tariff truce between the United States and China, which helped slow the decline in shipments to the U.S.
- Exports to regions like Southeast Asia, Europe, and Africa expanded, with shipments to ASEAN countries up 14.3% and exports to Vietnam soaring 23.8%.
- Despite this, exports to the U.S. fell 16.1% in June for a third consecutive month, and tariffs are expected to remain high, limiting aggressive price cuts, according to analysts.
- Strong export performance partly offset weak domestic demand and helped Beijing approach its 5% growth target for the second quarter, though future momentum may weaken without stimulus.
55 Articles
55 Articles
Despite the trade war with the USA, expectations were exceeded. Growth in the near future was uncertain.
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(AFP) Exports of the Chinese communist regime grew by 5.8% year-on-year in June and skyrocketed by 32.4% year-on-month in the case of shipments to the United States taking advantage of the truce in the tariff war between the two countries. read more]]>
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