I posted these to Twitter as they came out … be sure to be following @ForexLive!
China trade balance for June: +$31.6 bn
- expected +$36.95bn, prior was $35.92bn
Exports: +7.2% y/y
- expected +10.4%, prior was +7.0%
Imports: +5.5% y/y
- expected +6.0%, prior was -1.6%
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Comments from China customs office (spokesman Zheng Yuesheng):
- Export growth seen quickening in Q3 from Q2
- China trade improves on policy effects and a stabilizing economy
- China’s government policies boost exporters confidence
