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 Market Analyst - UK & EMEA at OANDA
Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.
Craig Erlam