“Chinese exports fell 3.1% year-over-year (YoY) in June, missing expectations for a 3.7% rise.
Meanwhile, imports fell 0.7% YoY, missing expectations for a 6% rise.
Trade balance also came in shy of expectations, widening to $27.1 billion.
This compares with a 1% rise in exports and 0.3% fall in imports in May.
Export growth was expected to stay muted because of a weak global economic environment….”
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