China's trade rises as economy recovers from virus slump
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China's trade rises as economy recovers from virus slump

Newsdesk |
July 14, 2020

China's imports of US goods rose 10.6 per cent in June over a year ago and its global trade also increased in a fresh sign the world's second-largest economy is gradually recovering from the coronavirus pandemic. China's global imports rose 3 per cent to USD 167.2 billion, rebounding from May's 3.3 per cent decline, customs data showed Tuesday. Exports edged up 0.4 per cent to USD 213.6 billion, an improvement over the previous month's 16.7 per cent contraction.


New Delhi, 14 July 2020

As per news report of PTI, the country's global trade surplus was USD 46.4 billion. Imports of American goods increased to USD 10.4 billion despite higher tariffs that were imposed in a fight with Washington over trade and technology. Exports to the United States gained 1 per cent to USD 39.8 billion.

Source -ptinews.com


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