China’s trade data (CNY): Surplus expands in June, imports and exports disappoint

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China’s trade balance for June, in Yuan terms, came in at CNY 345.180 billion versus CNY 284.674 billion expected and CNY 279.120 billion last.

Exports rose +6.1% vs. +21.4% expected and +7.7% last, while imports dropped -0.4% vs. +8.3% expected and -2.5% last.

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