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China's June export growth rebounds to 2.8 percent, imports down 6.1 percent

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BEIJING — China's June export growth rebounded to 2.8 percent in a modest improvement amid slowing economic growth while imports fell 6.1 percent.

Exports resumed growth following after May's 2.5 percent contraction, customs data showed Monday. Imports were an improvement over the previous month's unexpectedly severe 17.6 percent contraction.

An improvement in exports is a positive sign for communist leaders who worry about job losses after economic growth declined to 7 percent in the first quarter of the year. They have cut interest rates four times since November to shore up economic growth.

However, Monday's data showed exports so far this year have grown only 1 percent over a year earlier while total trade is down 6.9 percent.

Import weakness reflects slack demand from both factories and consumers at a time when communist leaders are trying to steer China to slower, more sustainable growth.

The country's global trade surplus widened by 47 percent over a year earlier to $46.5 billion.

China's trade surplus with the 27-nation European Union, its biggest trading partner, was $12.5 billion. The surplus with the United States was $22.8 billion.


General Administration of Customs of China: http://www.customs.gov.cn

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