China’s exports and imports both came in stronger than expected in June, reflecting resilience in the world’s second-largest economy amid Beijing’s effort to reduce debt and boding well for next week’s report on overall growth.
China’s exports rose 11.3% in June from a year earlier, marking the fourth straight month of gains, thanks to robust external demand for Chinese goods, the General Administration of Customs said Thursday. The increase came in higher that the 8.7% growth in May and a forecast for a 9.0% rise by economists polled by The Wall Street Journal.
Imports in June also came in stronger than expected, expanding 17.2% from a year earlier, after a 14.8% increase in May. Economists had forecast a 12.4% gain.
