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  • China July exports +6.5% y/y & imports +6.5% also (in CNY terms)

    From forexlive.com

    China trade data for July 2024: Yuan terms: Exports +6.5% y/y. • Prior +10.7%. Imports +6.5% y/y. • Prior -0.6%. Trade Balance +600bn yuan. • Prior +703.7bn. In terms of US dollars: Trade Balance USD 84.65bn. • Expected 99.0bn, prior 99.05bn. Imports +7.2% y/y. • Expected +3.5%, prior -2.3%. Exports +7.0 y/y. • Expected +9.7%, prior +8.6%.

Added at 11:24pm

  • China’s exports miss expectations in July, while imports pick up with growth of 7.2%

    From cnbc.com

    China’s imports grew faster-than-expected in July, while export growth came in below forecasts, according to customs data released Wednesday. Exports in U.S. dollar terms rose by 7% in July from a year ago, missing expectations for a 9.7% increase, according to a Reuters poll. U.S. dollar-denominated imports rose by 7.2%, far more than the forecast of 3.5%, according to the poll. In June, imports unexpectedly fell as domestic demand remained weak. Amid a drag from real estate and lackluster consumer spending, exports have held up as one of the bright spots in China’s economy. China’s economy grew by 5% in the ... (full story)

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