China's imports during the month of June increased its first since the beginning of the Corona pandemic, as demand for primary commodities rose, while exports rose in a sign of recovery beginning. p>

According to Reuters, customs data revealed on Tuesday that China's imports in June increased 2.7 percent year on year, violating market expectations for a 10 percent decline. Imports decreased 16.7 percent in the previous month.

Exports also unexpectedly increased and recorded a 0.5 percent increase, indicating that global demand has begun to recover again with the commencement of stringent public isolation measures to combat the virus outbreak. That pushed the global economy to its biggest downfall in nearly ninety years. Analysts had expected exports to decline 1.5 percent after falling 3.3 percent in May.

China has provided strong incentives to support domestic demand, even though the increase in Coronavirus infections worldwide has raised questions about the strength of recovery in global economic activity.

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"The marked improvement in China's imports is an indication of an accelerated economic recovery for the country, which is mainly driven by large increases in investments in sectors such as: Real estate and infrastructure.

Trade data revealed that iron ore imports actually jumped to the highest level in 33 months in June, supported by increased shipments from mining companies and strong demand. Crude oil imports also recorded the highest level ever since Chinese refiners snapped deals, benefiting from the collapse in oil prices.

China's imports from the United States rose 11.3 percent in June, compared to a double-digit drop following the outbreak of the Coruna virus.

China’s trade surplus with the United States expanded to 29.41 billion dollars in June, compared to 27.89 billion in May.

The Chinese economy is recovering from a severe contraction of 6.8 percent in the first quarter of this year, but this recovery is still fragile due to the cooling of global demand due to social restrictions and the continued increase in cases Corona. Chinese consumption also faltered amid layoffs and fears of a second pandemic.

China's trade surplus in June registered $ 46.42 billion, compared to $ 62.93 billion in May.

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