China says its dollar-denominated exports, imports jumped in June, beating expectations of a decline



Weizhen Tan | CNBC

China’s dollar-denominated exports and imports rose in June, as restrictions eased and countries started to reopen their economies.

The June customs data beat expectations of a decline, with exports posting a rise of 0.5% as compared with a year ago, and imports jumping 2.7% in the same period.

A Reuters poll had estimated that June exports contracted 1.5% from a year earlier, bouncing from a 3.3% decline in May. Imports were expected to fall 10.0% from last year, as compared with a drop of 16.7% in May, according to the poll. That could be attributed to higher purchases of crude oil and commodities.

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