I posted these to Twitter as they came out … be sure to be following @ForexLive!

China trade balance for June: +$31.6 bn

  • expected +$36.95bn, prior was $35.92bn

Exports: +7.2% y/y

  • expected +10.4%, prior was +7.0%

Imports: +5.5% y/y

  • expected +6.0%, prior was -1.6%

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Comments from China customs office (spokesman Zheng Yuesheng):

  • Export growth seen quickening in Q3 from Q2
  • China trade improves on policy effects and a stabilizing economy
  • China’s government policies boost exporters confidence