Chinese trade surplus bursts higher

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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

This chart only includes the June 2017 print in USD, but does show a rebound:

source: tradingeconomics.com

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