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China trade balance for July USD 80.6 billion versus expected USD 70.6 billion
China trade balance USD comes in at 80.6 billion versus expected 70.6 billion. Previous 70.62 billionExports YoY felt -14.5% versus expectations -12.5% (previous -12.4%)Imports YoY fell -12.4% vs expected -5.0% (previous -6.8%)Although the surplus was higher, the mix of both imports and exports declining is not a good number.Other details:China July trade balance +575.7 bln yuan versus 491.25 billion yuanChina Jan-July dollar-denominated exports -5.0% y/yChina Jan-July dollar-denominated imports...
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Posted: Aug 8 2023, 03:11
Author Name: forexlive
Views: 112225