Chinese Trade Balance Flat In June
China trade balance was reported at USD 20.0 billion vs. USD 19.5 billion in May. Export and import growth were running at 43.9 and 34.1 percent.
The imports are slowing down, I would say that will mean lower exports further down the road.
The accumulated surplus is now at USD 55.8 billion vs. USD 97.4 billion for the same last year and full year 2009 USD 196 billion.
Chart 1. China Trade Balance; Export & Import Growth
Source: Bloomberg