China’s Exports Off in May. What Should We Think?
A lot of news today on China’s June numbers for the surplus.
According to the IHT coverage:
China recorded a trade surplus of .35 billion in June, less than expected, as slower growth in exports contributed to concerns that weakening demand overseas could be starting to hit the economy.
The surplus marked an increase from .2 billion in May, but it was significantly smaller than the .9 billion surplus recorded in June 2007 and undershot economists’ expectations of a .4 billion gap.
Notably, exports rose just 17.6 percent from a year earlier in June, slowing from 28.1 percent in May. Economists had expected export growth of 23.4 percent.
And everyone has their views on why it has slipped.. and what it means.
Full Article: All Roads Lead To China
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