China's exports top forecasts, but falling imports point to more stimulus
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China's exports grew 8.6% YoY in June, beating forecasts, while imports shrank 2.3%, indicating weak domestic demand. The trade data suggests manufacturers are front-loading orders ahead of expected tariffs. Analysts warn that sustaining strong export sales is a major risk for China's economy. The trade surplus in June was $99.05 billion, the highest on record. The US has highlighted the surplus as evidence of one-sided trade favoring China. China is expected to roll out more policy support measures and boost fiscal stimulus to kickstart domestic consumption. Economists and investors are awaiting the Third Plenum on July 15-18 for further developments.
#China #Exports #Imports #Stimulus #DomesticDemand #Tariffs #TradePartners #Economy
https://theedgemalaysia.com/node/718738
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