News Snapshot:
China’s exports defied congestion at a key port to grow an unexpected 32.2 per cent in June to US$281.42 billion compared to the same period last year, while the easing of a global semiconductor shortage helped bolster electronics exports, new trade data showed on Tuesday. Exporters were able to redirect shipments from Yantian International Container Terminal – which is responsible for a tenth of China’s foreign container traffic – when it closed for three weeks due to a coronavirus outbreak among port workers , analysts said. The port returned to normal operations on June 24, but exporters are still contending...
