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China’s Exports Rise 7.2%
China’s exports rose in June from a year earlier and imports (CNFRIMPY) rebounded from a drop in May, government data showed today. Overseas shipments gained 7.2 percent from a year earlier, the customs administration said today in Beijing, compared with the median estimate for a 10.4 percent increase in a Bloomberg News survey of economists. Imports rose 5.5 percent, leaving a $31.6 billion trade surplus. The strength of trade will help determine whether Premier Li Keqiang expands stimulus after he sped up infrastructure spending and outlined tax cuts following first-quarter growth that was the slowest in six ... (full story)
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