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economic recovery

China’s June Exports Fall 21.4%y/y in June

Chinese exports continued struggling in June falling 21.4% y/y compared to analysts’ estimates of 21.0%, and a 26.4% y/y drop in May. Continued declines in exports are being offset by increased domestic demand, which is heavily bolstered by the country’s stimulus package. According to Bloomberg, China’s Premier Wen Jiabao believes the foundation for China’s economic […]