China’s exports exceed expectations amid trade truce and record shipments
China's exports increased by 5.8% in June, surpassing expectations, amid a recent US trade agreement that involved duty reductions. Despite a decline in exports to the US, China has diversified its trade partners to regions like Africa, Latin America, and ASEAN. The trade agreement aims to support China's economy, which faces challenges from domestic demand and global tariffs, with upcoming US tariffs potentially impacting future trade dynamics.
