CHINA's exports grew at the fastest pace in more than a year last month, as trade remained a rare bright spot for the world's second-largest economy, reports London's Financial Times
Despite growing tensions with Europe and the US, June exports jumped 8.6 per cent on year in dollar terms in June. Exports accelerated from 7.6 per cent in May, the strongest expansion since March 2023, according the National Bureau of Statistics.
The figure beat expectations, with a Reuters poll of analysts forecasting growth of eight per cent. Imports declined 2.3 per cent year on year in June, falling far short of economists' forecast of 2.8 per cent growth and an expansion of 1.8 per cent in May.
The figures put China's trade surplus at US$99.05 billion, ahead of forecasts for $85 billion and marking a single-month record, according to Goldman Sachs analysts. For the first six months of the year, exports were up 3.6 per cent and imports up two per cent over the same period in 2023.
SeaNews Turkey
Despite growing tensions with Europe and the US, June exports jumped 8.6 per cent on year in dollar terms in June. Exports accelerated from 7.6 per cent in May, the strongest expansion since March 2023, according the National Bureau of Statistics.
The figure beat expectations, with a Reuters poll of analysts forecasting growth of eight per cent. Imports declined 2.3 per cent year on year in June, falling far short of economists' forecast of 2.8 per cent growth and an expansion of 1.8 per cent in May.
The figures put China's trade surplus at US$99.05 billion, ahead of forecasts for $85 billion and marking a single-month record, according to Goldman Sachs analysts. For the first six months of the year, exports were up 3.6 per cent and imports up two per cent over the same period in 2023.
SeaNews Turkey