China’s saw declining growth in exports and imports for July on concerns of a slowing economy. The data saw exports decline 1 percent on a y.y basis for July vs exp. 8 percent rise vs rise of 11.3 percent in June. Meanwhile imports rose 4.7 percent vs exp. 7 percent rise vs 6.3 percent increase in June.
The trade surplus came in at USD 25.1 b vs USD 31.5 b a year ago vs exp. USD 35.1 b.
New loans made available in RMB denominated loans came in at RMB 540.1 b (USD 85 b), which was lower than estimates of RMB 918 b. (Bloomberg)
Categories: General News