CHINA’S EXPORTS FOR JULY DECLINE 1%, BELOW ESTIMATES; IMPORTS RISE 4.7% (y/y)

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)



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