China's June Exports Growth Beats Forecast Amid Growing Demand

BEIJING - China's exports grew at a much faster pace than expected in June as solid global demand led by easing lockdown measures and vaccination drives worldwide eclipsed virus outbreaks and port delays. 

Imports growth also beat expectations, though the pace eased from May, with the values boosted by high raw material prices, customs data showed Tuesday.  Because of Beijing's efforts in containing the pandemic earlier than its trading partners, the world's biggest exporter has managed a solid economic revival from the coronavirus-induced slump in the first few months of 2020.  Exports in dollar terms rose 32.2% in June from a year earlier, compared with 27.9% growth in May. The analysts polled by Reuters had forecasted a 23.1% increase.