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| Chinese exports end three-month slide | |
| (35 minutes later) | |
| Exports in the world's second largest economy, China, have risen, ending three months of decline in June. | Exports in the world's second largest economy, China, have risen, ending three months of decline in June. |
| Exports rose 2.1% in yuan-denominated terms compared with a year ago, up to 1.17tn yuan ($187bn; £121bn). | Exports rose 2.1% in yuan-denominated terms compared with a year ago, up to 1.17tn yuan ($187bn; £121bn). |
| But imports fell for the eighth month in a row, down 6.7%, taking the trade surplus 45% higher to 284.2bn yuan. | But imports fell for the eighth month in a row, down 6.7%, taking the trade surplus 45% higher to 284.2bn yuan. |
| China is the world's biggest trader of goods and a decline in exports has hampered its economic growth. | China is the world's biggest trader of goods and a decline in exports has hampered its economic growth. |
| Last year, the economy expanded at the lowest rate in almost a quarter of a century, growing 7.4%, while 7% growth in the first quarter this year was the worst quarterly gain since the global financial crisis. | Last year, the economy expanded at the lowest rate in almost a quarter of a century, growing 7.4%, while 7% growth in the first quarter this year was the worst quarterly gain since the global financial crisis. |
| But exports also beat expectations in dollar denominated terms, rising 2.8% in the same period. | But exports also beat expectations in dollar denominated terms, rising 2.8% in the same period. |
| China's General Administration of Customs said the debt crisis in Greece was having an impact on trade, along with weak demand, rising labour costs and a stronger currency. | China's General Administration of Customs said the debt crisis in Greece was having an impact on trade, along with weak demand, rising labour costs and a stronger currency. |
| Authorities have rolled out a series of measures to boost activity in the economy such as cutting interest rates for the fourth time since November just last month. | Authorities have rolled out a series of measures to boost activity in the economy such as cutting interest rates for the fourth time since November just last month. |
| The government is set to release growth figures for the second quarter on Wednesday and many economists have forecast that it could slip below 7% - which would be its weakest showing in six years. | The government is set to release growth figures for the second quarter on Wednesday and many economists have forecast that it could slip below 7% - which would be its weakest showing in six years. |