ICYMI – China's exports and imports in June fell more than expected

<p>An ICYMI if you are watching developments in China's economy. Another sign of softness was the June trade data released yesterday:</p><p>China's exports fell In June month at their fastest since the onset of the pandemic three years ago. Weaker global demand was cited in reasoning for the drop. A spokesperson for China's General Administration of Customs said weak exports were dut to:</p><ul><li>a weak global economic recovery, slowing global trade and investment, and rising unilateralism, protectionism and geopolitics</li></ul><p>Which is good news in a way as demand is picking up, or at leat not worsening. Oil is perhaps showing the way, its solidly back above USD70 (WTI). </p><p>-</p><p>Meanwhile markets are still awaiting stimulus from China. We are getting plenty of words but not a whole lot of action:</p><ul><li><a href="https://www.forexlive.com/news/china-securities-journal-says-h2-2023-policy-mix-will-stabilize-the-countrys-economy-20230712/" target="_self" rel="follow">China Securities Journal says H2 2023 policy mix will stabilize the country's economy</a></li></ul>

This article was written by Eamonn Sheridan at www.forexlive.com.