China’s July Trade Balance: Surplus expands as exports and imports fall more than expected China TradeBalance EconomicIndicator AUDUSD
China's Trade Balance for July, in Chinese Yuan terms, came in at CNY575.5 billion versus CNY625.25 billion and CNY491.25 billion last.The country’s imports fell 6.9% vs. -2.6% prior. The market consensus was for a 2.5% drop.Trade Balance came in at +80.6B versus +70.60B expected and +70.62B previous.Additional takeawaysChina Jan-July dollar-denominated imports -7.6% YoY.China July trade surplus with the US $30.3 bln vs. $28.72 bln surplus in june. is weighing mixed Chinese trade figures.
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