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Chinese exports rise in June, end three-month decline

  • China’s exports rose in June after three months of decline.

    In yuan terms, exports increased by 2.1% compared to last year, to $187 billion.

    However, imports in the world’s second largest economy dropped for the eighth straight month. Chinese imports were down 6.7%, making the trade surplus rise by 45%.

    According to the country’s General Administration of Customs, the Greek debt crisis, together with increasing labor costs, weak demand, and a stronger currency were affecting trade.

    Tagged as: China exports, June, yuan terms, China imports, China trade surplus, China economy, business news