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China June exports grow less than expected, doubts over economy linger

Published on Jul 10, 2014 10:53 AM
 

BEIJING (Reuters) - China's exports grew less than expected in June, offering no conclusive evidence yet on whether the economy can stabilise without additional government stimulus measures.

Exports rose 7.2 per cent in June from a year earlier, after May's 7.0 per cent rise, while imports grew 5.5 per cent, versus a drop of 1.6 per cent in May, customs data showed on Thursday.

That left China with a trade surplus of US$31.6 billion, compared with May's surplus of US$35.9 billion.

Economists polled by Reuters had expected a 10.6 per cent rise in exports, a 5.8 per cent increase in imports and a trade surplus of US$35 billion.

 
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