Includes a preview on the trade balance below:

Foreign reserves data for July is due on Wednesday 8 August 2018

  • expected $3.107bn, prior $3.11bn (and change)

Also on Wednesday, trade data for July

  • USD terms China trade balance expected is +$39.05bn, prior was +$41.47bn
  • Exports: expected +10.0%, prior +11.2% y/y
  • Imports: expected +17.0%, prior +14.1% y/y

Nomura on what to expect from the trade numbers (in brief):

  • We expect export growth to slow as US-China trade tensions have escalated and the import tariff hike by the US on Chinese goods has come into effect.
  • Import growth is likely to accelerate in year-on-year terms as Chinese importers could have postponed their shipments to July given the tariff cuts on certain imports (such as autos and daily commodities) came into effect on 1 July.

Thursday 9 August, inflation data for July

  • CPI expected 2.0%, prior 1.9% y/y
  • PPI expected 4.5%, prior 4.7% y/y

The following have no specific time (nor date)

  • Foreign direct investment into China for July due sometime from 8 to 18 August
  • New yuan loans, social financing and money supply data for July due sometime 10 to 15 August