Chinese trade data comes back to earth

Wednesday, 8 November 2017

Chinese trade data for October is out and began to come back to earth with exports 6.9% year on year and imports 17.2%. The trade surplus rose to $38.2bn:

More interesting was the iron ore imports data which crashed to 79.49mt, the lowest this year:

Dalian rallied on the data after doing the same the month before on the opposite data. Pretty stupid.

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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.