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 despite growing tensions with Europe and the US.
Exports jumped 8.6 per cent year on year in dollar terms in June, according to data released by the National Bureau of Statistics on Friday, accelerating from 7.6 per cent in May and marking the strongest expansion since March 2023. The figure beat expectations, with a Reuters poll of analysts forecasting growth of 8 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.
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