US EditionChina’s exports beat expectations in June, while imports rebound for the first time this year
CHINA, JUL 14 – China's exports grew 5.8% in June as a temporary tariff truce with the U.S. and expanded shipments to Southeast Asia and the EU helped offset declines in U.S.-bound goods.
- In June, China’s exports rose 5.8% year-on-year, surpassing forecasts, while rare earth shipments jumped 32% month-on-month, General Administration of Customs said.
- Following a truce struck on May 12, tariffs were paused for 90 days, and London talks produced a framework to ease duties.
- Exports to the US rebounded 32.4% month-on-month, according to AFP, while imports edged up 1.1%, marking the year’s first gain.
- The economy grew 5.4% in Q1, beating forecasts, and strong exports partly offset weak domestic demand, Zhiwei Zhang said, keeping Q2 growth near 5%.
- Manufacturers may struggle if tariffs remain high, Zichuan Huang warns that high tariffs may constrain manufacturers and slow export momentum.
46 Articles
46 Articles
Despite the trade war with the USA, expectations were exceeded. Growth in the near future was uncertain.
Chenghai toys see US order surge amid tariff pause
At a bustling workshop in Yiyu Craftwork Co, a toy factory in Chenghai district in Shantou city, South China's Guangdong Province, workers lean over sewing machines, rapidly stitching red-and-white Santa hats and glittery ornaments. These festive exports will soon cross oceans, destined for Christmas displays in stores across the US and Europe, just as global buyers rush to place orders before a 90-day US tariff reprieve expires.
A respite in the midst of the battle. China’s exports and imports denominated in Yuan grew by 5.2% year-on-year in June, according to customs data released this Monday by the Chinese government. The data, which gathers the exchanges of the month in which the Asian giant has sealed a momentary trade truce with the United States, exceeds the majority of forecasts of analysts cited by the specialized press. And indicates the export drive by many co…
Imports also increased by 1.1% over the same period compared to last year, exceeding expectations (+0.3%).
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