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China Posts Surprise Trade Gains as Economies Try to Reopen

  • Exports in dollar terms rose 0.5%, imports up 2.7% last month
  • Manufacturing gauges improved in U.S., Europe in June
By
Bloomberg News
Updated on

China’s exports and imports both rose in June, signaling that demand at home and abroad may have started to recover even as the pandemic continues to ravage the global economy.

Exports rose 0.5% from a year ago, while imports expanded 2.7%. Both had been forecast by economists to fall. The trade surplus shrank from a record-high in May to $46.4 billion last month.