Sino-US trade gap narrowed in June

BEIJING - United States’ exports to China, which have been growing in recent years, increased by 4.5% in June, narrowing the trade deficit between the world's two largest economies, according to US Commerce Department figures. They show that imports from China fell 2.2%, lowering the contentious US trade deficit with China to US$26.6 billion from US$27.9 billion in May. US-China trade dynamics were influenced by the appreciation of the yuan, increasing manufacturing costs, as well as the interbank cash crunch.