China’s monthly car ‌exports top 1m for first time as overall trade soars

Country risks new tariffs from US and EU as it looks likely to match or beat last year’s record surplus of $1tn

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China’s monthly car ‌exports topped 1m for the first time in June as overall overseas shipments from the world’s second biggest economy rose 27%.

Official Chinese customs data showed that a stronger-than-expected trade performance kept China on track to match or beat last year’s record trade surplus of $1tn (£748bn), achieved despite Donald Trump’s curtailed tariff war.