China’s latest trade data … may offer hope that slowdown in Asian export growth has bottomed out.

China’s trade balance (released yesterday: China trade balance for June: +$31.60 bn (vs. expected +$36.95bn)) was a disappointement … or was it?

The Wall Street Journal reports that while yesterday’s data was a disappointment, rounding out yet another quarter of weak, single-digit export growth (the fifth straight quarter of single-digit expansion), the uptick in exports represents a rebound from the first quarter’s 3% contraction – and that the export cycle is “no longer slowing down”.

It adds that South Korea and Taiwan, have reported a similar trend

More at the (ungated) article: China’s Exports May Have (Gently) Turned a Corner