China’s June trade surplus beats forecasts but declines from May

China's trade surplus reached $112.5 billion in June, surpassing market consensus of $107.0 billion. The figure, however, represents a decline from the prior month's $125.62 billion.

The larger-than-expected surplus may ease concerns over slowing external demand, even as the month-on-month drop signals some cooling from the previous high. The data is reported in US dollar terms.