What to expect and when to expect it are here: Add this to the economic calendar due in Asia today - China trade data for July
A couple of quickie previews from banks:
HSBC:
- Exports growth likely remained strong in July supported by still resilient external demand, particularly for machinery and electrical goods.
- New export orders in the latest Caixin manufacturing survey expanded at a faster pace, further reinforcing the strength in external demand
- Meanwhile, we expect import growth to have remained strong, supported by the broad-based nature of the economic recovery.
Barclays:
- We forecast export growth to moderate to 10% y/y in July due to weaker new export orders and a high base, and import growth to edge up to 18% given the rebound in commodity prices and a low base.