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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.
