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China imports shrink again

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China’s export sales unexpectedly rose for the first time in four months in June, and imports fell again but posted their best performance this year, causing some optimism.

The General Administration of Customs said Chinese exports grew 2.8 percent last month from a year ago, beating forecasts for a 0.2 percent decline.
Imports fell for an eighth consecutive month, on a yearly basis, but the 6.1 percent drop was the smallest this year, and much better than the 15.0 decline expected by economists.