China's export growth likely stay resilient in June, according to BofA Securities in a research note. Higher prices in the tech supply chain continues to lift export values for products like electronic integrated circuits, they say. BofA expects export growth to pick up slightly to 20% on year in dollar terms in June, from 19.4% in May. On the import side, similar tech-price dynamics should support headline strong growth, although lower commodity prices and energy prices following the reopening of the Strait of Hormuz, should provide a partial offset, BofA says. The bank expects the June trade surplus to come in at $128 billion. (tracy.qu@wsj.com)
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China's Export Growth Likely Stay Resilient in June, BofA Says — Market Talk
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China's export growth likely stay resilient in June, according to BofA Securities in a research note. Higher prices in the tech supply chain continues to lift export values for products like electronic integrated circuits, they say. BofA expects export growth to pick up slightly to 20% on year in d…