China’s trade balance drops to 48.11B

Wednesday, 13/07/2016 | 12:02 GMT

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China

China’s trade balance dropped from 49.9B to 48.11B and did not meet the economists' predictions for a declination to 46.64B.

The Brexit influenced China's exports

Amid the global demand resuming weak and upon Britain's decision to exit from the European Union, the Chinese exports, for the month of June, dropped more than estimations.

According to Louis Lam and Raymond Yeung, the Brexit uncertainty will have an impact on China's exports, similar to the European debt crisis for the period 2011 and 2012.

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Source: https://www.argusfx.com/en/research-education/market-analysis/news/china-s-trade-balance-drops-to-48.11b

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