China trade growth quickens, but imports undershoot expectations
Trade growth in China accelerated last month, but imports fell short of analysts’ expectations. Semiconductor exports rose 130% year-on-year as ING said the divergence between foreign sales and domestic consumption continued.
China’s trade growth accelerated last month, but imports fell short of analysts’ expectations, likely adding to calls for Beijing to rebalance its economy ahead of a high-stakes leaders summit with the US this month. The latest figures were largely driven by demand for tech goods, with semiconductor exports rising 130% year-on-year. ” The data, together with recent US tariffs and the prospect of further measures tied to Beijing’s trade with Tehran, could put more pressure on ties between the two superpowers. ”