China trade figures bring relief

Thursday 8 August 2013

China’s July trade figures are out and exceeded subdued expectations. Exports rose at an annual rate of 5.1 per cent in July. Imports rose at 10.9 per cent versus 2.1% expected.

The trade surplus fell $10 billion to $US17.82 billion.

Evidence of stabilisation both internally and externally.

About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific's leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.