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Chinese exports, imports beat expectations in June

AFP  |  Beijing 

Growth in Chinese and outstripped expectations in June, data showed today, fuelling hopes of stability in the world's second-largest economy.

rose 11.3 per cent from a year ago to USD 196.59 billion, the customs administration said, topping a forecast of 8.9 per cent.

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 clamps down on free- wheeling credit and property purchases that have been key drivers of growth for years.

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

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 13 2017. 10:57 IST