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by Chris Becker
This will get banana man trading long stocks and iron ore this afternoon! Trade balance figures for July in China have just printed, via Forexlive:
China trade balance for July: CNy 321.2 bn. A beat for the surplus
- expected CNY293.55bn, prior was CNY 294.30bn
Exports y/y: +11.2%. A miss on exports
- expected +14.8%, prior was +17.3%
Imports y/y: +14.7%. And a miss on imports
- expected +22.6%, prior was +23.1%
For the January to July period:
-
Trade surplus of 1.6tln yuan
-
Exports +14.4% y/y in yuan
-
Imports +24% in yuan
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This chart only includes the June 2017 print in USD, but does show a rebound:
source: tradingeconomics.com