China June Exports Rise 11.3% From a Year Earlier; Expected +9.0%

China June Exports Rise 11.3% From a Year Earlier; Expected +9.0%

China June Exports Rise 11.3% From a Year Earlier; Expected +9.0%

China's global trade surplus in June rose 37.3 percent compared with a year earlier to $42.7 billion.

In March of past year, China agreed to enforce United Nations sanctions after North Korea launched a missile with potential nuclear capabilities.

In dollar terms, exports increased 11.3% year-on-year in June, the General Administration of Customs said.

Last week U.S. President Donald Trump denounced China's trade with North Korea, saying it had grown nearly 40 percent in the first quarter, and cast doubt on whether Beijing was helping to counter the threat from North Korea.

China's imports of coal totaled 2.68 million tons in the first half of the year, down 74.5 percent from the previous year.

Last week US President Donald Trump denounced China's trade with North Korea, saying it had grown nearly 40 percent in the first quarter, and cast doubt on whether Beijing was helping to counter the threat from North Korea.

"Trade between China and North Korea grew nearly 40% in the first quarter", Trump tweeted the day after North Korea launched its first intercontinental ballistic missile.

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Such purchases are permitted under the sanctions and generate no revenue for nuclear development, said a foreign ministry spokesman, Geng Shuang."We will continue to strictly and earnestly implement the North Korea-related Security Council resolution in its entirety", said Geng at a regular news briefing.

While the Chinese stopped importing coal from North Korea this year because of sanctions, iron ore is a top import for the North's large neighbor.

He said Chinese imports from the North fell 36.5 percent in March, 41.6 percent in April and 31.6 percent in May.

Huang said the price fluctuation of commodities could also potentially boost the trade figure as measured by value.

"But we are sceptical that the current pace of imports can be sustained for much longer given the increasing headwinds to China's economy from policy tightening", the economist added.

But many North Korea analysts suggest China will not take any action that could seriously undermine the regime because Beijing's top priority is stability.

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