China’s exports rose for the first time in four months in June, providing fresh evidence that growth is stabilizing ahead of gross domestic product data this week.
Overseas shipments rose 2.1 percent from a year earlier in yuan value, the customs administration said in Beijing on Monday, exceeding the median estimate in a Bloomberg survey for 1.2 percent growth. Imports dropped 6.7 percent, narrowing from the fall of 18.1 percent previously reported in May, leaving a trade surplus of 284.2 billion yuan ($45.8 billion).
The improvement in exports provides a cushion for an economy weighed by a slump in investment growth that is putting Premier Li Keqiang’s 2015 growth target of about 7 percent at risk. As monetary easing and fiscal stimulus stabilize demand, a stronger export sector may help prevent China’s slowdown from deepening after a month-long stocks rout added to challenges.