China's Trade Grows At The Fastest Pace Since 2021

China’s exports and imports surged to the highest levels since the pandemic-skewed 2021, as the tech boom supports growth on both fronts. Read more here.

Summary China’s exports and imports surged to the highest levels since the pandemic-skewed 2021, as the tech boom supports growth on both fronts. Oil imports, meanwhile, continued to slide sharply in June, as any potential buying amid the drop in crude prices hasn't yet shown up in the data. The direct impact from the trade balance aside, external demand is one of the core pillars supporting industrial activity, a bright spot in the monthly activity data.

vchal/iStock via Getty Images By Lynn Song , Chief Economist, Greater China Exports surged to a 53-month high amid hi-tech export outperformance China's exports surged to 27.0% year-on-year in June, up from