China’s June Trade Balance: Surplus widens sharply amid strong exports

China's Trade Balance for June, in Chinese Yuan (CNY) terms, arrived at CNY859.05 billion, widen from the previous figure of CNY723.98 billion.
Exports surge 20.8% year-over-year (YoY) in June from a 13.8% increase seen in May. The country’s imports surge 29.4% YoY in the same period vs. 21.5% recorded previously.
In US Dollar (USD) terms, China’s Trade Surplus rise more than expected in June.
Trade Balance arrived at +125.62B versus +121B expected and +105.43B prior.
Exports (YoY): 27% vs. 18.2% expected and 19.4% last.
Imports (YoY): 36% vs. 24% expected and 27.4% previous.