The China customs published trade balance for May in USD terms, reporting an unexpected decrease in trade surplus while both exports and imports beat estimates.
In USD terms,
Trade Balance (USD) May came in at 24.92B versus 31.9B expected and 28.8B previous.
Exports (YoY) May: +12.6% vs. +10.0% expected and +12.9% last.
Imports (YoY) May: +20.6% vs. +18.7% expected and +21.5% last.
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