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Daily Archives: 2016-06-09

China trade balance consolidates, commodities extend gains

By Margaret Yang, CMC Markets Equities – China’s May exports rose 1.2% year on year in yuan terms, but were down by 4.1% in US dollar terms due to a 5.5% currency depreciation. Chinese exporters are facing the headwind of rising wages and a relatively strong yuan, making them less competitive. The weakness in exports also shows that the external …

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