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Financial News: China Exports Growth Tops Expectations

China Exports Growth Tops Expectations

07/13/2021 - 00:28:00 (RTTNews)

(RTTNews) - China's exports and imports grew more-than-expected in June, data from the General Administration of Customs showed on Tuesday.

Exports advanced 32.2 percent year-on-year in June, bigger than the economists' forecast of 23.1 percent. Shipments were up 27.9 percent in May.

Likewise, imports climbed 36.7 percent on a yearly basis, faster than the expected rate of 30 percent.

As a result, the trade surplus increased to $51.5 billion in June from $45.5 billion in the previous month. The expected level was $44.2 billion.

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