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Chinese exports rise after 3-month slump


economy

Chinese exports rise after 3-month slump

Chinese exports are on the up again, rising 2.1 percent in June, ending three months of decline.

Declining exports from China – the world’s biggest trader of goods – have been hampering its economic growth.

Mainland Chinese equity indices continued to rise.

The Shanghai Composite closed up 2.4 percent in Monday’s trade – rebounding nearly 20 percent from the four-month low hit on Thursday (9 July).

However, the Shanghai stock market is still down more than 20 percent from its peak in mid-June – when its three-week sell-off began, prompting the government to intervene with support measures.

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