Chinese Trade Strong on High Global Demand

China reported better-than-expected trade figures for the month of June as a recovery in global demand spurred exports.

In June, exports from the world’s second largest economy posted a 11.3 percent increase from a year ago and a 17.2 percent rise in imports over the same period in dollar terms, Reuters reported citing China’s General Administration of Customs.

That left China with the a trade balance of $42.77 billion for the month, higher than a Reuters poll forecast of $42.44 billion.

CNBC

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Craig Erlam

Craig Erlam

Senior Currency Analyst at OANDA
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the Wall Street Journal and The Telegraph, and he also appears regularly as a guest commentator on networks including Sky News, Bloomberg, CNBC and BBC. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.