China's Yuan-denominated trade surplus fell by 26.7 percent in H1
|China's Yuan trade surplus contracted by 26.7 percent in the first half, China's General Administration of Customs said on Friday.
The exports rose 4.9 percent year-on-year and the imports jumped11.5 percent, yielding a trade surplus of CNY 901.32 billion.
The sharp rise in imports indicates the economy is supported by pick up in domestic demand at a time when the export outlook is being clouded by the trade war with the US.
The customs department is scheduled to release dollar-denominated trade data later today.
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