BEIJING: Chinese trade enjoyed surprise growth in June as the world slowly emerges from economy-strangling lockdowns, though officials warned of headwinds for recovery owing to the spread of the pandemic.
The figures come days before the release of data expected to show the world's number two economy returned to expansion territory in the second quarter following a contraction in the first three months.
The 2.7 percent growth in imports was the first since December and was much better than the nine percent contraction forecast in a Bloomberg News poll, while exports were up 0.5 percent, which also confounded expectations of shrinkage.
The readings followed May's 16.7 collapse in imports and 3.3 percent retreat in exports.
Customs spokesman Li Kuiwen told a press briefing Tuesday that imports and exports showed "signs of recovery and stability" in the second quarter, adding that China has been "forging ahead" in efforts to ensure stability in areas such as employment, foreign trade, and investment.
But he cautioned that the external environment is "more grim and complicated" now, with the Covid-19 outbreak plunging the global economy into a deep recession and international trade and investment experiencing sharp contractions.
In the first half, exports dropped 6.2 percent from a year ago while imports fell 7.1 percent, official data showed, reflecting the hit from the pandemic which first surfaced in central China.
The country's economy is expected to have grown in April-June, having shrunk 6.8 percent in the preceding three months - the first quarterly contraction since China began logging such data in the early 1990s - as the planet was battered by the deadly virus.
Beijing's trade surplus with the United States - a major cause of anger in the White House - narrowed slightly to $29.4 billion in June, a 1.7 percent drop from $29.9 billion a year earlier.
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