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ICYMI - China's exports and imports in June fell more than expected

Started by forex4you, Jul 14, 2023, 03:54 am

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ICYMI - China's exports and imports in June fell more than expected

An ICYMI if you are watching developments in China's economy. Another sign of softness was the June trade data released yesterday:

China's exports fell In June month at their fastest since the onset of the pandemic three years ago. Weaker global demand was cited in reasoning for the drop. A spokesperson for China's General Administration of Customs said weak exports were dut to:

  • a weak global economic recovery, slowing global trade and investment, and rising unilateralism, protectionism and geopolitics

Which is good news in a way as demand is picking up, or at leat not worsening. Oil is perhaps showing the way, its solidly back above USD70 (WTI).

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Meanwhile markets are still awaiting stimulus from China. We are getting plenty of words but not a whole lot of action:



                This article was written by Eamonn Sheridan at www.forexlive.com.

Source: ICYMI - China's exports and imports in June fell more than expected

forexlive.com
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