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China says its yuan-denominated exports and imports jumped in June

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.

This is breaking news. Please check back for updates.

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