Chinese surplus beats expectations, Imports fall sharply

China customs out with their latest report on the Chinese trade, showed that the country’s trade surplus and exports bettered expectations, while imports surprised to the downside.

Key Details in Yuan terms:

China Trade Balance (Jul): CNY 342.8 Bln (exp CNY 311.8 Bln prev CNY 311.2 Bln)

China Exports CNY (YoY) Jul: +2.9% (exp 2.3%, prev 1.3%)

China Imports CNY (YoY) Jul: -5.7% (exp -1.1% prev -2.3%)