13 Jul 2015

China's exports up, while imports tumble

4:34 pm on 13 July 2015

China's exports picked up unexpectedly in June but imports tumbled again, reinforcing expectations that the government may further loosen policy to lift the Chinese economy after a recent stock market rout.

China's June exports rose 2.8 percent from a year earlier, while imports fell by 6.1 percent.

That left the country with a trade surplus of $46.54 billion for the month.

China Customs said that the crisis in Greece was having an effect on trade, but also blamed weak external demand in general, rising labour costs and a stronger yuan.

It said enduring industrial overcapacity continued to dampen import demand.

Chinese imports had fallen for eight straight months.