- China’s yuan-denominated exports increase 3.7% in H1, imports fall 0.1%
Market news
13 July 2023
China’s yuan-denominated exports increase 3.7% in H1, imports fall 0.1%
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.
Market Focus
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