China’s customs data beat expectations of decline on Tuesday, showing that exports and imports grew significantly in June. The positive data comes as restrictions eased and countries started reopening their economies.
According to the statistics, China’s imports rose 2.7 percent in June from a year earlier in spite of market expectations for a 10 percent drop. They had nosedived 16.7 percent in May.
Exports also rose unexpectedly, up 0.5 percent, compared to analyst estimations of a 1.5 percent drop following a 3.3 percent decline in May. (RT)
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