China posts smallest trade surplus since February as exports fell more than imports, amid.

China’s trade surplus missed expectations and stood at $65.81 billion from $78.40 billion in the same period a year earlier.

It was the smallest trade surplus since February, as exports fell more than imports, amid persistent weak global demand.

Exports shrank by 7.5% y/y to a three-month low of $283.5 billion, the first decline in three months and the steepest drop since January, compared to market consensus of a 0.4% fall, while imports decreased by 4.5%, amid weakening domestic demand, softening commodity prices, and a stronger dollar.