China’s trade data (CNY): Surplus expands in June, imports and exports disappoint

China's trade balance for June, in Yuan terms, came in at CNY 345.180 billion versus CNY 284.674 billion expected and CNY 279.120 billion last.

Exports rose +6.1% vs. +21.4% expected and +7.7% last, while imports dropped -0.4% vs. +8.3% expected and -2.5% last.