China’s yuan-denominated exports increase 3.7% in H1, imports fall 0.1%

Dhwani Mehta FXStreet

According to a statement from China Customs on Thursday, China's yuan-denominated exports in the first half of this year rose 3.7% from a year earlier.

The country’s imports dropped 0.1% during the same period, the latest data published by China Customs showed.

They said that “the sluggish global economic growth, slowing global trade and investment, geopolitical risks and weakening external demand continue to impact China's trade.”

Market reaction

The Chinese proxy, the Australian Dollar, is unfazed by the mixed data. At the time of writing, AUD/USD is adding 0.25% on the day to trade at 0.6805.

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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