China Has $31.6 Billion Trade Surplus
China posted a merchandise trade surplus of $31.6 billion in June, the customs office said on Thursday. That missed forecasts for a surplus of $36.95 billion, and was down from $35.92 billion in May. Exports were up 7.2 percent on year - also missing expectations for 10.4 percent but up from 7.0 percent in the previous month. Imports gained an annual 5.5 percent versus forecasts for 6.0 percent following the 1.6 percent decline a month earlier.
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