BEIJING: The slump in China's exports likely eased in June as some countries reopened their economies, while imports contracted less sharply on ...
BEIJING: The slump in China's exports likely eased in June as some countries reopened their economies, while imports contracted less sharply on higher crude oil and commodities purchases, a Reuters poll showed on Monday .
Official and private factory surveys for June have shown the manufacturing sector recovery gathering more momentum. Since mid-May, European countries and the United States have gradually eased their lockdowns, leading to increased shipments of some cargo backlogs previously stuck at Chinese ports and driving a relatively fast rebound in port throughput, said China Ports & Harbours Association in June.In the last 10 days of June, container throughput at major Chinese ports rose 4.3 per cent from the same period a year earlier, latest data from the association showed.
China's export performance has not been as severely affected by the global slowdown as some analysts had feared, but weak overseas orders are set to weigh on its manufacturers in the coming quarters.
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