China Trade Data Underwhelms

China released improved trade data that missed expectations on Thursday, figures that suggest external demand remains weak and domestic recovery fragile, analysts say.

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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