Home Tech/AIIndustry & Trade China’s trade economy roared back to growth in June, as coronavirus lockdowns eased

China’s trade economy roared back to growth in June, as coronavirus lockdowns eased

by Amwal Al Ghad English
exports

China’s trade roared back to growth in June in a fresh sign the world’s second-largest economy is recovering from the coronavirus pandemic.

But its exporters face threats including tension with Washington and a possible downturn in U.S. and European demand.

Chinese imports rose 3% over a year earlier to $167.2 billion, rebounding from May’s 3.3% decline, customs data showed Tuesday. Exports edged up 0.4% to $213.6 billion, an improvement over the previous month’s 16.7% contraction.

Imports of U.S. goods surged 10.6% to $10.4 billion despite tariff hikes in a fight with Washington over trade and technology. Exports to the United States gained 1% to $39.8 billion.

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