China June export grows at fastest pace in 5 months
China June imports growth slows, miss f39;cast
Overall export outlook still faces uncertainty
Darkening global economic backdrop, Ukraine war add to strain
BEIJING, July 13 Reuters China39;s exports grew at their fastest pace in five months in June, exceeding analysts39; expectations and adding to evidence that the world39;s secondbiggest economy is slowly recovering from the damage of pandemic restrictions.
However, imports rose at a slower pace, missing forecasts, despite the easing of limits on movement.
Despite the buoyant export growth, the country39;s trade outlook faces rising pressures in the second half of the year, as fading demand in key export markets, a protracted Ukraine war and high inflation fuel concerns about a global recession.
Outbound shipments in June were 17.9 higher than a year earlier, official customs data showed on Wednesday, compared with a 16.9 annual gain seen in May and quicker than analysts39; expectations for a 12.0 rise.
While a weaker yuan and higher global prices bolstered shipment values, the quick resumption of industrial production in key manufacturing hubs and the recovery of port operations and logistics also helped, said Wen Bin, chief economist at Minsheng Bank.
Daily container throughput in June at Shanghai port, which had earlier been severely affected by a lockdown, had recovered to at least 95 of the same level a year earlier, according to official data.
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