China’s Exports Climb Almost 20% in June in Yuan Terms
Bloomberg
Published Jul 13, 2021 04:48
(Bloomberg) -- China’s exports in yuan terms grew at a faster pace in June than the previous month, helping to underpin the economy’s recovery.
Exports rose 19.9% from a year ago, according to Bloomberg calculations based on official data, up from 18.1% in May. That was higher than the median estimate of 15.1% in a Bloomberg survey of economists. Growth in imports in yuan slowed to 26.1% in June from 39.5% in the previous month.
The customs administration published data for the first half of the year showing exports in yuan terms climbed 28.1% from a year earlier, while imports rose 25.9%. China will publish monthly data for June and also the value of trade in dollars later Tuesday.
Global appetite for Chinese goods including medical goods and work-from-home equipment helped to spur exports this year. But there are emerging signs the momentum could begin to moderate as the world economy and production capacity elsewhere recovers.
©2021 Bloomberg L.P.
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Written By: Bloomberg
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