China’s exports rose to 17.9% in June from a year ago, exceeding analysts’ expectations. However, the economy struggled to gain momentum from lockdowns per the President’s zero-covid policy while imports were up 1.0 per cent, customs data showed on Wednesday.
Analysts expected that exports would rise 12.0 per cent after gaining 16.9 per cent in May, while imports were expected to have grown 3.9 per cent after a 4.1 per cent gain two months ago.
China posted a trade surplus of $97.94 billion in June, a forecast for a $75.70 billion surplus in the poll and a $78.76 billion surplus in May.