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. 

 

 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.