Trade unexpectedly drops in China

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters
Imports and exports unexpectedly declined in China indicating severity of the impacts of decreasing credit growth. Imports dropped 0.7%, while experts predicted a rise of 6%. Exports plummeted 3.1%, the biggest decline since the Great Recession, compared to the market expectation was an increase of 3.7%. The trade surplus in May was $27.1 billion, while analysts' estimate was $27.8.
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Wed, 10 Jul 2013 08:14:05 GMT

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