China continues to suffer from weak external demand in June

Chinese exports gain momentum in June, showing signs of slight recovery while imports continue to plunge

Photo by: Reuters
Photo by: Reuters

Updated Jul 28, 2015

Export figures for the world's second largest economy in June showed a 2.8 percent rise from a year earlier while imports fell by 6.1 percent, data from the General Administration of Customs showed on Monday. 

The results which were greater than expected, left China’s trade surplus standing at $46.54 billion for the month, compared to the forecasted $55.7 billion. However, experts believe the overall economy still remains tapered. 

Although monetary and fiscal policies have helped to stabilize the Chinese economy, a gain in overseas shipments may help to boost China's economy as volatility on the country’s stock exchange added further challenges. 

On June 8, the Chinese stock markets slumped more than 8 percent, reaching the biggest one day drops in eight years. Upon this, the government took tight measures to stabilize the main index by banning large shareholders from selling stakes for next six months.

China has set a 6 percent trade growth for this year, however has been performing well under this benchmark. 

Meanwhile, China’s second quarter gross domestic product (GDP) will be announced on Wednesday however, some economists believe the economy slowed in the second quarter.​

TRTWorld and agencies