1. Chinese exports, imports beat expectations in June

Chinese exports, imports beat expectations in June

Growth in Chinese exports and imports outstripped expectations in June, data showed today, fuelling hopes of stability in the world's second-largest economy.

By: | Bejing | Published: July 13, 2017 11:33 AM
China, Chinese Exports, US-China, Chinese Economy, World News, Economy, Financial Express Exports rose 11.3 percent from a year ago to USD 196.59 billion, the customs administration said, topping a Bloomberg News forecast of 8.9 per cent. (Reuters)

Growth in Chinese exports and imports outstripped expectations in June, data showed today, fuelling hopes of stability in the world’s second-largest economy. Exports rose 11.3 percent from a year ago to USD 196.59 billion, the customs administration said, topping a Bloomberg News forecast of 8.9 per cent. Imports were up 17.2 percent year-on-year — compared with an expected increase of 14.5 percent — to USD 153.83 billion, lifting the trade surplus to USD 42.76 billion.

The latest data could soothe concerns that the Chinese economy is losing momentum as Beijing clamps down on free- wheeling credit and property purchases that have been key drivers of growth for years. It also comes ahead of US-China talks in Washington next week where they are expected to assess the results of a 100- day action plan aimed at improving trade ties between the economic rivals.

  1. No Comments.

Go to Top