Chinese exports, imports beat expectations in June

Growth in Chinese exports and imports outstripped expectations in June, data showed today, fuelling hopes of stability in the world's second-largest economy.
Exports rose 11.3 per cent from a year ago to USD 196.59 billion, the customs administration said, topping a Bloomberg News forecast of 8.9 per cent.
Imports were up 17.2 per cent year-on-year -- compared with an expected increase of 14.5 per cent -- to USD 153.83 billion, lifting the trade surplus to USD 42.76 billion.
The latest data could soothe concerns that the Chinese economy is losing momentum as Beijing clamps down on free- wheeling credit and property purchases that have been key drivers of growth for years.

It also comes ahead of US-China talks in Washington next week where they are expected to assess the results of a 100- day action plan aimed at improving trade ties between the economic rivals.