China’s June Trade Balance: Surplus widens more than expected to $112.5 billion

China's Trade Balance for June, in US Dollar (USD) terms, arrives at $112.5 billion, higher than $107.0 billion expected, but lower than the prior release of 125.62 billion.

Exports surge 23% year-over-year (YoY) in July from a 27% increase seen in June. The country’s imports surge 27.5% YoY in the same period vs. 36% recorded previously.