Today have been published important data on the trade balance of China under which the surplus totaled 50.0 billion US dollars in May, against 45.6 billion dollars in the previous period. It is worth noting that the volume of exports fell by 4.1%, against an expected decline by 3.6%, while imports decreased by 0.4%, compared with a forecasted contraction by 0.6%. Reduction of import and export in China was negatively displayed on the price of commodities, but the situation is gradually improving. According to our estimates the risk of falling on the Chinese markets remains high due to the rapid rise in house prices and the fear of a bubble in real estate, as well as the growth of the debt burden. In this regard, we expect the fall of the local index in the coming months.