China's foreign trade weakens

The trade surplus of 27.12 billion U.S. dollars recorded in June, considerably below the expected +27.8 billion. China's exports fell by -3.1% compared to the same period in 2012, while analysts had forecast a rise of +3.7%. Imports fell -0.7%, while an increase of +0.6% was expected.

If the comparison is made ??against the previous month, the downfall of trade in June is even more significant: exports fell by -13.5% and imports by -8.2% compared to May.

This simultaneous decline in exports and imports is significant according to analysts. International demand as China's domestic demand weakesn, seeming to prove an intensification of global economic slowdown.

source : bourse lesechos fr, people daily com cn