China’s May Trade Balance: Surplus shrinks as exports tumble China TradeBalance AUDUSD EconomicIndicator
China's Trade Balance for May, in Chinese Yuan terms, came in at CNY452.33 billion versus CNY643.25 billion expected and CNY618.44 billion last.The country’s imports rose 2.3% vs. 4.2% expected and -0.8% prior. terms, China reported a sharp decrease in the trade surplus as exports show a bigger-than-expected drop.Exports : -7.5% vs. -0.4% exp. and 8.5% prior. is feeling the pull of gravity on mostly downbeat Chinese trade figures. The spot is down 0.04% on the day, trading at 0.
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