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China released its July trade figures over the weekend and the results were again poor. Exports fell sharply by -8.3% versus expectations of -1% an imports were down 8.1% versus 8% expected:
As such the monthly trade surplus fell to $43 billion:
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Inflation data was also out and was again bad. The CPI came in at 1.6% which was nicely benign:
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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.
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