China exports increase on US demand, but import growth continues to slow

CHINA's exports are boosted by United States demand which offset the decline of its European primary export market in June, according to the General Administration of China Customs.

Exports have overtaken imports in June at 11.3 per cent to US$180 billion, but were still down on the previous month. Imports were up 6.3 per cent year on year at $148 billion but plunged from the 12.7 per cent growth post in the previous month of May.

Although total trade was up eight per cent in the first half to $2 trillion, 2012's second quarter was the sixth consecutive quarter of slowdown with projected growth of 10 per cent making 6.9 per cent in exports and just 5.1 per cent for imports.