China Exports Recover in June

China’s yuan-denominated exports rose 2.1 percent in June from a year earlier, while imports slumped 6.7 percent, official data showed on Monday, producing a trade surplus of 284.2 billion yuan.

The Australian dollar showed a muted reaction, trading down 0.1 percent against the greenback following the release of the data. The currency tends to be sensitive to Chinese economic data due to Australia’s large trade exposure to the mainland.

The latest data marks an improvement on the previous month; yuan-denominated exports slipped 2.5 percent on year in May, while imports tumbled 17.9 percent.