Yuan terms China trade balance CNY bn
- expected +CNY 227.1bn, prior was CNY +261.88bn
Exports: +6.0% y/y, a good beat for exports
- expected +5.6%, prior +3.1% y/y
Imports: +20.9% y/y, much higher than estimates
- expected +12.5%, prior +6.0% y/y
Trade with the US:
- exports +5.6% y/y in yuan terms
- Imports +4.3% y/y yuan terms
Eyes are on the numbers with the US due to escalating trade tensions.
Yes, exports to the US are up ...
but so are imports from the US …
So I guess the next tweet could be random, it'll depend if he has had some sugar or not I suppose
