China’s trade roared back to growth in June in a fresh sign the world’s second-largest economy is recovering from the coronavirus pandemic.
But its exporters face threats including tension with Washington and a possible downturn in U.S. and European demand.
Chinese imports rose 3% over a year earlier to $167.2 billion, rebounding from May’s 3.3% decline, customs data showed Tuesday. Exports edged up 0.4% to $213.6 billion, an improvement over the previous month’s 16.7% contraction.
Imports of U.S. goods surged 10.6% to $10.4 billion despite tariff hikes in a fight with Washington over trade and technology. Exports to the United States gained 1% to $39.8 billion.