China June trade surpasses expectations as global demand is still strong

China June trade surpasses expectations as global demand is still strong

China posted better-than-expected trade data for June, thus suggesting the country’s economy is holding up well due to firmer global demand notwithstanding a struggling property market at home amid a financial crackdown, which has applied pressure to firms.

China's June exports tacked on 11.3% from last year, while imports surged 17.2%, both beating experts' expectations, as Thursday’s data revealed.

It left China with a trade surplus of about $42.77 billion for the month, as the General Administration of Customs reported.

Experts surveyed by Reuters had hoped for June shipments from the world's leading exporter to have ascended 8.7%, which is in line with the annual surge figure in May.

Imports were predicted to have soared 13.1%, easing from the suddenly strong 14.8% leap in May.

Experts were actually expecting China's trade surplus to have extended to approximately $42.44 billion in June from May's outcome of $40.81 billion.


Latest news

Japan real wages surge is slowest in almost two years

Japan's March real wages went down at the fastest pace in nearly two years, weighed by minor nominal pay lifts as well as a moderate ascend in consumer prices, thus posing a setback for Prime Minister Shinzo Abe's tries to revitalize the Japanese…

Deposit with your local payment systems


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera