China’s Trade Data Misses Expectations

China released a batch of trade data on Thursday that missed expectations, but numbers were still an improvement which helped to temper losses in markets.

The country’s exports rose 7.2 percent from the year ago period, lower than the 10.6 percent rise predicted by a Reuters poll and after gaining 7 percent in May.

Imports climbed an annual 5.5 percent, versus Reuters’ forecast for a 5.8 percent rise but reversing a 1.6 percent contraction in May.  That brings trade balance to a surplus of 31.6 billion, compared with $35.92 billion logged in May.

CNBC

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