Aerial view of shipping containers sitting stacked at Lianyungang Port on June 3, 2019 in Lianyungang, Jiangsu Province of China.
Wang Jianmin | Visual China Group | Getty Images
China’s yuan-denominated exports and imports rose in June, as restrictions eased and countries started to reopen their economies.
Exports in June rose 4.3% from a year ago, while imports jumped 6.2% in the same period, customs data published Tuesday showed.
Economies in Asia and the rest of the world have gradually started to reopen. Since mid-May, European countries and the U.S. have eased lockdowns, and that has led to increased shipments of some cargo backlogs previously stuck at Chinese ports, Reuters reported, citing the China Ports & Harbours Association.
However, the recovery is threatened by a resurgence of coronavirus, with cases climbing again in countries such as the U.S., Australia and South Korea. That has led to some restrictions being reinstated.
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Source: CNBC