13.07.2015 - The trade surplus was below expectations
Today was published important statistics on China's trade surplus. So, in June the surplus totaled 45.6 billion compared to the forecast of 55.7 billion. The Customs Administration of China admitted an economic slowdown, the negative impact of the strengthening of the yuan, weak external demand and wage growth. As a result, exports grew by 2.8% to 192 billion, while imports decreased by 6.1% to 145.5 billion. It is worth noting that the index has a strong impact on commodity prices and respectively, on currency quotes of commodity dependent countries such as Australia. We expect growth in the Chinese stock market, but in the near future volatility will remain high due to the overheated stock market.