Chinese trade surplus/deficit, exports, imports data has no scheduled time for release
At a guess (based on recent experience) I am looking for it around 0300GMT, but yeay, at guess …
What is expected …
- Yuan terms China trade balance expected is +CNY 227.1bn, prior was CNY +261.88bn
- Exports: expected +5.6%, prior +3.1% y/y
- Imports: expected +12.5%, prior +6.0% y/y
- USD terms China trade balance expected is +$39.05bn, prior was +$41.47bn
- Exports: expected +10.0%, prior +11.2% y/y
- Imports: expected +17.0%, prior +14.1% y/y
Preview (a brief one, via Nomura):
- We expect export growth to slow as US-China trade tensions have escalated and the import tariff hike by the US on Chinese goods has come into effect. Import growth is likely to accelerate in year-on-year terms as Chinese importers could have postponed their shipments to July given the tariff cuts on certain imports (such as autos and daily commodities) came into effect on 1 July.
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Also, due the following day from China:
- CPI expected 2.0%, prior 1.9% y/y
- PPI expected 4.5%, prior 4.7% y/y
