China’s Exports Fall Sharply in June

China’s exports tumbled in June, falling 3.1 percent from the year ago period, marking the first decline since January 2012.

The figures were a major miss against Reuters expectations for a rise of 4 percent. Exports climbed 1 percent in May.

Imports also fell, down 0.7 percent on year, compared to a Reuters forecast of a rise of 8 percent, and worse than the 0.3 percent drop in May.

The trade surplus was $27 billion for the month, up from $20.4 billion in the month earlier.


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