NVIDIA to boost H20 chip sales to China
Digest more
3don MSN
China's exports beat expectations in June as businesses continued to rush out shipments to capitalize on a temporary tariff reprieve ahead of an August deadline.Exports jumped 5.8% in June in U.S. dollar terms from a year earlier,
This notable performance underscores the resilience of China's economy, a strength that has earned recognition and praise from international observers. Supports behind numbers The growth is supported by China's comprehensive industrial system and driven by the deep integration of technological advancement and industrial innovation.
External demand continues to support Chinese economic growth, as the first-half trade surplus surged to a new high of $586bn.
China's export growth likely edged higher in June, buoyed by exporters rushing to front-load shipments on fears that a fragile trade truce with the United States could unravel and see President Donald Trump reinstate extra tariffs on Chinese goods.
How, then, to explain the resilience of China’s exports in the turmoil of the global trade war? Some companies have been “front-loading”, or shipping extra goods to America, on fears that the truce will not hold and levies will increase further later.
U.S. President Donald Trump ratchet up tariffs on Chinese imports to a prohibitive level of 145%, spurring a round of stimulus measures from Beijing.
Chinese state firm employee Zhang Jinming makes up for a 24% cut to his salary by delivering food for three hours every night after work and on weekends - and hopes he can avoid awkward encounters with colleagues.
China’s export growth accelerated for the first time since March, driven by a reduction in US tariffs and robust demand from key overseas markets.
China’s surprisingly strong export growth in July lifted its trade surplus to another record and provided some much-needed economic support, but the country will still have to find ways to keep ...