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2014.07.1014:43:00UTC+00China’s Exports Disappointing, Considering Favourable Base Effects

Quotes from Capital Economics:

- Despite an increase in the headline growth rate from 7.0% y/y in May to 7.2%, June's exports were disappointing given the weakness in the same month a year earlier, perhaps signalling that global demand at the end of the second quarter was not as healthy as had been hoped. 

- China's imports were weaker too though, and, as a result, its trade surplus is touching historic highs. 

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