Chinese exports decreased last month, partly due to the higher American import rates for Chinese products. In addition, imports from the second largest economy in the world fell sharply. According to experts, this is a signal of weak local demand and the prelude to new government stimulus measures.

Total Chinese exports decreased by 1.3 percent, after a plus of 1.1 percent in May. Economists were already considering the decline. They generally assumed a minus of 1.4 percent. Imports had a contraction of 7.3 percent, whereas experts had expected a decrease of 4.6 percent. Imports were already down 8.5 percent in May, the sharpest decline in more than three years.

Trade negotiations between the United States and China resumed at a high level this week, following the ceasefire agreement previously agreed. White House economic adviser Larry Kudlow said the talks were constructive and that both parties discussed a personal meeting. However, Kudlow warned that no miracles can be expected with regard to a trade deal.

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