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China's Customs Bureau says H1 2023 exports were +3.7% y/y, while imports were -0.1% y/y
Ahead of the June trade figures the Customs Bureau have released January - June collated data, in CNY terms: • Exports +3.7% y/y. • Imports -0.1% y/y. • A CNY 2.82 tln surplus. Customs says: Sluggish global economic growth, slowing global trade and investment, geopolitical risks and weakening external demand continue to impact China's trade Still to come are the June month numbers, scheduled at 0300 GMT, which is 11pm US Eastern time. This time its a ballpark though, the actual release time does vary. table
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#China's bilateral foreign #trade with #US reached 2.25 tn yuan in first half, sliding 8.4% y/y, accounting for 11.2% of China's total trade - customs administrationhttps://t.co/haGgRmRP6L https://t.co/BaVLglnCI4
— YUAN TALKS (@YuanTalks) July 13, 2023
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CHINA CUSTOMS: SLUGGISH GLOBAL ECONOMIC DEVELOPMENT, DECREASING GLOBAL TRADE AND INVESTMENT, GEOPOLITICAL UNCERTAINTIES, AND DECLINING EXTERNAL DEMAND CONTINUE TO HAVE AN INFLUENCE ON CHINA'S TRADE.
— Breaking Market News (@financialjuice) July 13, 2023
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CHINA CUSTOMS: CHINA IS CONFIDENT IT CAN CONSOLIDATE ITS MARKET SHARE IN GLOBAL TRADE THIS YEAR
— First Squawk (@FirstSquawk) July 13, 2023