China's exports rise in June but imports underperform

With close to nil growth in imports, China's global trade surplus swelled by 90 per cent compared with a year ago.

Exports to the United States rose by 19.3 per cent over a year ago to $56 billion despite tariff hikes. Import of American goods too increased by 1.7 per cent to $14.6 billion. China's trade surplus with the United States widened by 26 per cent from a year earlier to $41.4 billion, according to official Chinese media.

Estimates for China's economic growth has been forecast as low as 2 per cent this year, well below the ruling Communist Party's target of 5.5 per cent. It is expected in some quarters that activity will shrink in the quarter ending in June before a gradual recovery begins.

ALCHEMPro News Desk (DS)