China's trade position is expected to improve in second half of this year
Commerce Ministry spokesman Sun Jiwen said in a statement published last night:
"The trade situation in the second half of the year is expected to be better than in the first half, despite China's increasingly complicated and grave foreign trade situation"
"Our country's exports still maintain growth momentum and the degree of decline in imports is progressively narrowing"
He added that sluggish external markets, the appreciating yuan, high financing costs, and rising labour costs were among the main challenges
Not too much to throw them off track then!
Reuters reporting
On Friday China's exports unexpectedly fell 6.4% in April from a year earlier, while imports tumbled by a worse than forecast 16.2%. Our intrepid reporters Down Under had all the deets here