China’s exports, imports continue to rise more than expected in June
The country’ exports posted an annual increase of 11.3% in June and beat the expectations of a rise of 9%.
Chinese imports in June also climbed by 17.2% year-on-year. The growth in imports, too, stood above the expectations of a rise of 14%.
China’s trade surplus increased to $42.8 billion in June from $40.8 billion in May and came slightly higher than the expectations of $42.6 billion.
Economists argue that the increase in imports is not likely to continue if the ongoing policy tightening continues. They also predict that exports are likely to maintain their growth due to the country’s commercial partnerships.
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