China's Yuan-denominated trade surplus fell by 26.7 percent in H1

Omkar Godbole FXStreet Contributor

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.

Author

Omkar Godbole

FXStreet Contributor

Omkar Godbole, editor and analyst, joined FXStreet after four years as a research analyst at several Indian brokerage companies.

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