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China's trade rises as economy recovers from virus downturn

Added 07-14-20 01:03:01am EST - “China's imports of U.S. goods rose 10.6% in June over a year earlier and its global trade also increased in a fresh sign the world's second-largest economy is gradually recovering from the coronavirus pandemic.” - Washingtontimes.com

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Posted By TheNewsCommenter: From Washingtontimes.com: “China’s trade rises as economy recovers from virus downturn”. Below is an excerpt from the article.

BEIJING (AP) - China’s imports of U.S. goods rose 10.6% in June over a year earlier 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% to $167.2 billion, while exports edged up 0.4% to $213.6 billion, customs data showed Tuesday. The global trade surplus was $46.4 billion.

Imports of American goods increased to $10.4 billion despite higher tariffs imposed in a fight with Washington over trade and technology. Exports to the United States gained 1% to $39.8 billion.

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