Yuan denominated trade balance data for June

China trade balance for June: 284.2bn yuan

  • expected 355.0bn, prior was 366.8bn

Exports y/y +2.1%

  • expected +1.2%, prior was -2.8%

Imports y/y -6.7%

  • expected -16.2%, prior was -18.1%

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In USD .... China trade balance for June: 46.54bn surplus

  • expected +$56.7bn, prior was 59.49bn

Exports +2.8% y/y

  • expected is +1.0%, prior was -2.5%

Imports -6.1% y/y

  • expected is -15.5%, prior was -17.6%