China’s trade rises as economy recovers from virus downturn
China’s imports of U.S. goods rose 10.6% in June over a year earlier and its global trade also increased in a fresh sign the world’s second-largest economy is gradually recovering from the coronavirus pandemic
By
The Associated Press
July 14, 2020, 4:19 AM
1 min read
BEIJING — China’s imports of U.S. goods rose 10.6% in June over a year earlier and its global trade also increased in a fresh sign the world’s second-largest economy is gradually recovering from the coronavirus pandemic.
China’s global imports rose 3% to $167.2 billion, while exports edged up 0.4% to $213.6 billion, customs data showed Tuesday. The global trade surplus was $46.4 billion.
Imports of American goods increased to $10.4 billion despite higher tariffs imposed in a fight with Washington over trade and technology. Exports to the United States gained 1% to $39.8 billion.