China exports skyrocket June, surpassing expectations: official data

bChina‑US trade truce fuels export jump

record highs reflect easing tariffs

• exports surged 5.8 % YoY in June, surpassing the 5 % forecast.
• imports increased 1.1 %, beating the expected 0.3 % gain.
• China’s 2024 record totals offer a lifeline to a slowing economy.

background: growth strain + trade war

• post‑pandemic slowdown, debt crisis in property, low consumption.
• high youth unemployment, prolonged debt crunch.
• Trump‑era tariffs deepened the US‑China clash.

London talks pull back the fray

Beijing and Washington announced a framework in London last month.
Observers note lingering uncertainty.

Beijing’s stance

• Customs official Wang Lingjun said Beijing hopes the US will keep working together.
• He called the tariff truce “hard‑won” and declared dialogue the right path.

Washington and Beijing now de‑escalated their trade spat, but a cautious outlook remains.