China Customs: Foreign trade grows 27.1% YoY in H1 2021, may slow in H2

Dhwani Mehta FXStreet

China's trade may slow YoY in H2 due to a high base last year, the General Administration of Customs said on Tuesday.

Additional takeaways

China's foreign trade grew 27.1% YoY to reach 18.07 trillion yuan (about $2.79 trillion) in the first half of 2021.

January to June exports jump 28.1% YoY.

Trade still faces many uncertainties, instability in h2 due to the global pandemic.

Imported inflation risks still manageable.

Market reaction

AUD/USD is unimpressed by upbeat Chinese trade numbers, as it keeps its range below 0.7500, adding 0.20% on the day.

The spot was last seen trading at 0.7489.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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