Economic news

China's exports, imports beat forecasts in June

China reported that exports and imports rose stronger than expected in June, supported by steady world demand for Chinese goods.

Exports gained 11.3 percent year-to-year to $196.6 billion, while imports rose 17.2 percent to $153.8 billion.

As a result, China posted a trade surplus of $42.77 billion for the month, while economist polled by Reuters had expected $42.44 billion.

The International Monetary Fund expects in 2017 China's economic growth could slow to 6.6 percent from last year’s 6.7 percent.

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