China trade balance for July: expected CNY 311.85bn, prior was 311.2bn Exports : expected +2.3%, prior was +1.3% y/y Imports : expected -1.1%, prior was -2.3% y/y Exports coming in at a beat, while imports a steep drop on the month For the YTD data, exports are down 1.6% y/y while imports down 4.8% (yuan terms again) ADDED - here comes the USD terms.... China trade balance for July: USD52.3bn expected +$47.3bn, prior was +$48.11bn Exports -4.4% y/y expected -3.5%, prior was -4.8% y/y Imports -12.5% y/y expected -7.0%, prior was -8.4% y/y - The weaker yuan is lending support to exports in local ... (Read the full story)
