Trade balance data from China is due soon, a quick what-to-expect preview

I posted the previous trade balance, exports and imports data here along with estimates for today:

• Add this to the economic calendar due in Asia today - China trade data

And an earlier preview here:

• What to watch for in the China trade data due today

A couple of quick snippet previews.

Daiwa

• investors attempt to gauge the impact of US tariffs
• That said, with national holidays making for a short month - thus adding to the potential for volatility - and US buyers likely front-running tariffs decisions, it remains the case that the full impact of current tariff policy is unlikely to be apparent until early next year. According to Bloomberg's survey, the market expects China's export growth to slow to 12.0%Y/Y from the surprisingly firm 14.5%Y/Y growth recorded in October.

ASB:

• We expect China's trade surplus to increase to $US35 billion in October. China's new export orders have eased to weak levels in recent months. But exports to the US will likely be supported for the remainder of the year as US importers seek to avoid the prospective increase in tariffs. But exports to Europe are likely to weaken. Chinese imports will be supported by the increase in commodity prices and increased infrastructure spending.