China June trade balance USD +48.11bln vs USD +46.64bln exp

USD denominated Chinese June trade balance now published 13 July 2016

  • USD denominated exports yy -4.8% vs -4.1% exp
  • imports uu -8.4% vs -5.0% exp
  • Jan-June USD denominated exports -7.7% yy, imports -10.2%

Softer imports and exports continue to be a concern not just to China but reflective of global fragility.

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