By Joe Cash and Yukun Zhang
BEIJING, July 14 (Reuters) - China's exports surged in June, buoyed by orders for chips to fuel the global AI boom and automobiles, deepening producers' reliance on overseas buyers as policymakers in the world's No. 2 economy continue to grapple with how to boost demand at home.
The stronger-than-expected trade performance keeps China on track to post a surplus topping $1 trillion for a second straight year, with factories sustaining sales despite slowing growth in major economies and trade frictions with Washington.
Exports climbed 27% from a year earlier in U.S. dollar value terms, customs data showed on Tuesday, their best performance in four months, outpacing the 19.4% gain in May and an 18.2% rise forecast by economists.
Imports jumped 36%, compared with a 27.4% gain the month before, a five-year high. Economists had forecast growth of 24% for June.
BEIJING, July 14 (Reuters) - China's exports surged in June, buoyed by orders for chips to fuel the global AI boom and automobiles, deepening producers' reliance on overseas buyers as policymakers in the world's No. 2 economy continue to grapple with how to boost demand at home.
The stronger-than-expected trade performance keeps China on track to post a surplus topping $1 trillion for a second straight year, with factories sustaining sales despite slowing growth in major economies and trade frictions with Washington.
Exports climbed 27% from a year earlier in U.S. dollar value terms, customs data showed on Tuesday, their best performance in four months, outpacing the 19.4% gain in May and an 18.2% rise forecast by economists.
Imports jumped 36%, compared with a 27.4% gain the month before, a five-year high. Economists had forecast growth of 24% for June.
23 days ago
