The best regulated crypto exchange
Find out why?

China’s Exports Fall by 1.3% in June, Less Than Economists Expected

By Andrey Kartsev
July 12, 2019, 1:30 AM GMT

    The volume of China’s exports fell by 1.3% year-on-year in June, CNBC reports Friday, July 12.

    Citing the country’s customs department, CNBC also reported that the volume of imports fell by 7.3% compared to the same period last year.

    According to the median prediction of 34 economists polled by Reuters on July 10, the exports were expected to fall even lower — by two percent.

    June numbers came in contrast to May, during which China’s export volume actually saw an increase of 1.1% year-on-year.

    The overall trade surplus of the country — the volume of its exports minus the imports — is reported at $50.98 billion.

    China’s specific trade surplus with the U.S. went up from $26.89 billion in May to $29.92 billion in June.

    The decline in exports comes against the backdrop of the ongoing trade war between the U.S. and China, with the two countries threatening and implementing tariffs on each other’s goods since March 2018.

    Tokenised securities are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how tokenised securities and leverage work and whether you can afford to take the high risk of losing your money. Nothing in the above article should be regarded as a recommendation to trade generally, to trade on a particular platform or to trade in a particular asset. Asset prices can go down as well as up and past performance is not a guide to future performance. Investors and traders should thoroughly research an asset or strategy before making any trading or investment decision and if necessary seek professional advice.

        Subscribe to news
        The most beautiful trading app
        google play storeapple store