China Trade Growth Update

China's June trade growth significantly outpaced expectations, with exports rising 27% and imports 36%. The surge was underpinned by tech hardware, green energy demand, and higher commodity pricing.

Key Takeaways

• 1.China's exports accelerated to 27.0% y/y in June, driven by strong demand for tech products and EVs.
• 2.Imports grew by 36% y/y in June, reflecting high demand for tech components and coal.
• 3.China achieved a record monthly trade surplus of USD 125.6bn.

Table of Contents

• China's June trade growth accelerated further
• Global asset class preferences definitions
• Appendix

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