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China slows down surplus in June, but exports grow (+ 0.5%)

China sees the trade surplus in June settle at 46.42 billion dollars, down from 49.60 billion in the same month of 2019, from 58.6 billion expected and from 62.93 billion in May. Exports, on the other hand, mark a rise of 0.5%, after the slowdown of 3.3% in May, and beat expectations by -1.5% with the recovery of production and new orders after the lockdown of the economy because of Covid-19. According to the figures released by the Customs, imports also showed an unexpected rise of 2.7%, against the market slowdown estimates of 10% and the collapse of 16.7% in May.

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