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China's exports beat expectations in June as businesses continued to rush out shipments to capitalize on a temporary tariff reprieve ahead of an August deadline.Exports jumped 5.8% in June in U.S. dollar terms from a year earlier,
External demand continues to support Chinese economic growth, as the first-half trade surplus surged to a new high of $586bn.
Housing market data added to Beijing’s challenge to meet the 5% GDP growth target for 2025. China’s House Price Index fell 3.2% year-on-year in June after dropping 3.5% in May. While the year-on-year trend signaled an improving housing market, other housing sector data painted a gloomier picture.
China's export growth likely edged higher in June, buoyed by exporters rushing to front-load shipments on fears that a fragile trade truce with the United States could unravel and see President Donald Trump reinstate extra tariffs on Chinese goods.
GDP grew 5.3% in the first half of the year, official data shows, but analysts say maintaining that momentum will be a challenge in the months ahead.
U.S. President Donald Trump ratchet up tariffs on Chinese imports to a prohibitive level of 145%, spurring a round of stimulus measures from Beijing.
Chinese state firm employee Zhang Jinming makes up for a 24% cut to his salary by delivering food for three hours every night after work and on weekends - and hopes he can avoid awkward encounters with colleagues.
The world’s second-largest economy has powered ahead despite a 24% slump in shipments to the U.S. in the second quarter.