India, July 14 -- China's exports grew more than expected in June on de-escalating trade tension with the US and imports rebounded for the first time this year, signalling a positive contribution from net trade to economic growth in the second quarter, official data revealed Monday.
Exports increased 5.8 percent year-on-year in June, the General Administration of Customs reported. This was stronger than the 4.8 percent increase in May and economists' forecast of 5.0 percent.
Imports rebounded 1.1 percent from a year ago, following prior month's 3.4 percent decline. Imports were expected to grow 1.3 percent.
Consequently, the trade surplus rose to $114.7 billion from $103.2 billion in May. The surplus was forecast to remain broadly unchan...