China's exports grow more than expect in June

© Reuters

China's trade surplus rose to $48.11 billion in June, whereas market analysts anticipated a decrease to $44.6 billion, down from the 49.80 billion surplus seen in the previous month. Exports jumped 1.3% in yuan terms year-over-year in June, surpassing the 0.3% rise forecast and following last month's 1.2% increase, while imports dropped 2.3%, missing the 1.2% fall forecast and following last month's 5.1% rise.