Asian Economic News

China Has $27.1 Billion Trade Surplus

China posted a merchandise trade surplus of $27.1 billion in June, the government said on Wednesday.

That was slightly below expectations for a surplus of $27.8 billion following the $20.42 billion surplus in May.

Exports were down 3.1 percent on year - well below estimates for an increase of 3.7 percent after adding 1.0 percent in the previous month.

Imports dipped an annual 0.7 percent versus forecasts for a jump of 6.0 percent after easing 0.3 percent a month earlier.

by RTTNews Staff Writer

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