In spite of the global trade disputes, its foreign trade China continued to grow. According to the Customs Administration in Beijing, the export They increased by 5.8% in June to US dollars compared to the same month last year.
In the first half of the year, China’s exports increased by 5.9% compared to the same period last year. In June, the trade surplus amounted to about $ 114.77 billion (about 98 billion euros).
Analysts previously expected that exports would increase by about 5% in June. This case was also due to the fact that exporters delivered their products early due to concerns about possible US duties.
After several months of reduction, imports increased slightly 1.1% in June, which was about to be in line with market observers. However, from January to June, imports decreased by 3.9% compared to the same period last year.
The second largest economy in the world is under pressure due to continuing differences, including its main trade partners, the US and the EU. In China, overly intense competition in certain areas and weak demand has long been causing problems – in part because of the imminent real estate crisis. In addition, the percentage of young people who are unable to find work is high.