China's imports unexpectedly drop in June, but exports beat forecasts

China’s imports in June fell by 2.3% in USD terms, missing expectations of slight growth, while exports grew more than predicted, according to customs data. Exports rose by 8.6% YoY, beating the forecast of 8% growth, while imports for the first half of the year increased by 2%. The data indicates a slowdown in import demand and highlights the impact of ongoing trade tensions. Export growth suggests some resilience in China’s economy despite external challenges.