CHINA’S TRADE IM­PROVES AS ECON­OMY BE­GINS RE­COV­ERY

USA TODAY US Edition - - MONEY + LIFE -

China’s trade im­proved in June in a fresh sign the world’s sec­ond-largest econ­omy is re­cov­er­ing from the coro­n­avirus pan­demic. But its ex­porters face threats in­clud­ing ten­sion with Wash­ing­ton and a pos­si­ble down­turn in U.S. and Euro­pean de­mand. Chi­nese im­ports rose 3% over a year ear­lier to $167.2 bil­lion, re­bound­ing from May’s 3.3% de­cline, cus­toms data showed Tues­day. Ex­ports edged up 0.4% to $213.6 bil­lion, an im­prove­ment over the pre­vi­ous month’s 16.7% con­trac­tion.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.