In June, Chinese dollar-denominated exports were up 0.5% from a year ago, and imports increased 2.7% over the same period.
In July, China posted a trade surplus of $ 62.33 billion, exceeding the $ 42 billion expected by economists. China’s trade surplus was $ 46.42 billion in June.
Although the coronavirus pandemic has hit global demand, China’s exports have held up as exports of medical supplies surged in the first half of the year.
Senior U.S. and Chinese officials are expected to review the implementation of their phase one trade deal next week.
This is a developing story. Please come back for updates.