CHINESE exports in June jumped 5.8 per cent year on year in dollar volume, beating expectations as companies used a tariff truce with the US to ship goods ahead of an August deadline, reports London's Financial Times.
The strong trade figures came ahead of this week's GDP data for the second quarter that is also expected to please Beijing, as policymakers seek to stimulate a weak domestic economy while navigating geopolitical turmoil.
But the first-half trade data could sway the Trump administration to tighten its tariff noose on China and the south-east Asian countries that it accuses of permitting transshipment, or rerouting chinese goods to the US.
China's June export growth beat a five per cent rise predicted by analysts in a Reuters poll as well as 4.8 per cent growth in May. Imports last month rose 1.1 per cent on a year earlier in dollars, weaker than analysts' forecasts of 1.3 per cent but reversing a 3.4 per cent decline in May and marking the first expansion since December.
SeaNews Turkey
The strong trade figures came ahead of this week's GDP data for the second quarter that is also expected to please Beijing, as policymakers seek to stimulate a weak domestic economy while navigating geopolitical turmoil.
But the first-half trade data could sway the Trump administration to tighten its tariff noose on China and the south-east Asian countries that it accuses of permitting transshipment, or rerouting chinese goods to the US.
China's June export growth beat a five per cent rise predicted by analysts in a Reuters poll as well as 4.8 per cent growth in May. Imports last month rose 1.1 per cent on a year earlier in dollars, weaker than analysts' forecasts of 1.3 per cent but reversing a 3.4 per cent decline in May and marking the first expansion since December.
SeaNews Turkey
