China’s Imports Rise For First Time Since The Pandemic

China’s imports rose in June for the first time since the pandemic. Demand for goods rose on the government stimulus while exports also increased in a sign the recovery is gaining strength.

Customs data showed on Tuesday that China’s imports increased by 2.7% in June compared to last year, market expectations were a decrease of 10%.

Exports also rose, posting a 0.5% increase, indicating that global demand began to rise again as many countries eased Covid-19 measures that pushed the global economy into its most significant recession in 90 years. Analysts’ estimates were down 1.5% after falling 3.3% in May.

China’s imports from the United States increased by 11.3% in June.