10 Jul 2014
China’s economy is stabilized - BBH
FXStreet (Guatemala) - Marc Chandler, Global Head of Currency Strategy at Brown Brothers Harriman noted that China’s trade surplus was nearly 20% smaller than expected at $31.6 bln in June.
Key Quotes
"Exports rose 7.2% from a year ago, which is a slightly better than the 7.0% reported in May, but not as good as the 10.4% expected. Imports rose 5.5%, not the 6% expected."
"It follows a 1.6% decline in May. Generally, the data supports ideas that the Chinese economy has stabilized."
Key Quotes
"Exports rose 7.2% from a year ago, which is a slightly better than the 7.0% reported in May, but not as good as the 10.4% expected. Imports rose 5.5%, not the 6% expected."
"It follows a 1.6% decline in May. Generally, the data supports ideas that the Chinese economy has stabilized."