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China H1 trade posts resilient growth of 9.4% as economy bounces from Omicron shock

2022-07-14 10:05:34       source:Global Times

July 13, 2022

China's trade sector is picking up speed toward mid-year with unexpected force, as the country's total imports and exports expanded by an above-expected 9.4 percent in the first half of this year, driving the world second largest economy to dash toward its set economic target in a year of challenges, data released by China's General Administration of Customs (GAC) showed on Wednesday. 

The nation's robust trade growth in the first six months of 2022, particularly highlighted by accelerating imports and exports in the COVID-19 afflicted Yangtze River Delta in June not only underlines a steady overall economic rebound amid the government's policy package to stabilize the COVID-hit economy, but also reflects the irreplaceable appeal of Chinese goods to overseas countries suffering through soaring inflation, experts said. 

According to customs data, China's trade grew by 14.3 percent year-on-year to 3.7 trillion yuan ($550 billion) in June, compared with 9.6 percent growth in May.

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