<figure id="attachment_2922478" aria-describedby="caption-attachment-2922478" style="width: 1600px" class="wp-caption aligncenter"><img loading="lazy" class="wp-image-2922478 size-full" src="https://media.freemalaysiatoday.com/wp-content/uploads/2024/11/a32cab9c-china-port.jpg" alt="China port" width="1600" height="1000" /><figcaption id="caption-attachment-2922478" class="wp-caption-text">China&#8217;s exports reached record highs last year &#8211; a lifeline to its slowing economy as pressures elsewhere mounted. (EPA Images pic)</figcaption></figure>
BEIJING: China&#8217;s exports jumped in June, official data showed today, beating forecasts in a month when Washington and Beijing agreed a tentative deal to lower swingeing tariffs on each other.
Data from the General Administration of Customs said exports rose 5.8% year-on-year, topping the 5% forecast in a Bloomberg survey of economists.
Imports rose 1.1% &#8211; beating the predicted 0.3% gain.
China&#8217;s exports reached record highs last year &#8211; a lifeline to its slowing economy as pressures elsewhere mounted.
Beijing has struggled to sustain growth since the pandemic as it battles a prolonged debt crisis in the property sector, chronically low consumption and high youth unemployment.
A bruising trade war with the US, driven by President Donald Trump&#8217;s policy of sweeping import tariffs, has made things more difficult for the world&#8217;s second-largest economy.
Washington and Beijing have de-escalated their trade spat after reaching a framework for a deal at talks in London last month, but observers warn of lingering uncertainty.
Customs official Wang Lingjun said at a news conference today that Beijing &#8220;(hopes) that the US will continue to work together with China towards the same direction&#8221;, state broadcaster CCTV reported.
&#8220;The tariff truce was &#8216;hard won&#8217;,&#8221; Wang said.
&#8220;There is no way out through blackmail and coercion. Dialogue and cooperation are the right path,&#8221; he added.

MatchPoint Times

China exports soared in June, beating forecasts

Beijing hopes the US will continue to work with China towards common goals, says customs official Wang Lingjun.

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