AsianFin -- China’s exports rose for the first time in three months in June, signaling a potential turnaround in the country's trade outlook amid weak global demand and geopolitical pressures.
Overseas shipments grew 5.8% year-on-year to $325 billion, up from a 4.8% increase in May, according to data released by the General Administration of Customs on Monday. The rebound follows an 8.1% decline in April and marks the strongest performance since March.
Imports also showed signs of recovery, rising 1.1% in June from a year earlier, reversing a 3.4% drop in May.
However, exports to the United States remained under pressure, falling 16.1% in June. While still negative, the decline was less severe than the 34.5% plunge recorded the previous month, reflecting a slight easing of trade tensions or improved base effects.
The trade data offer a mixed picture for the world’s second-largest economy, which has been struggling with weak domestic demand and mounting global trade headwinds.