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article imageChinese exports, imports beat expectations in June

By AFP     Jul 13, 2017 in Business

Growth in Chinese exports and imports outstripped expectations in June, data showed Thursday, fuelling hopes of stability in the world's second-largest economy.

Exports rose 11.3 percent from a year ago to $196.59 billion, the customs administration said, topping a Bloomberg News forecast of 8.9 percent.

Imports were up 17.2 percent year-on-year -- compared with an expected increase of 14.5 percent -- to $153.83 billion, lifting the trade surplus to $42.76 billion.

The latest data could soothe concerns that the Chinese economy is losing momentum as Beijing clamps down on free-wheeling credit and property purchases that have been key drivers of growth for years.

It also comes ahead of US-China talks in Washington next week where they are expected to assess the results of a 100-day action plan aimed at improving trade ties between the economic rivals.

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