Data out so far (its just trickling out):
The trade balance is a surplus of 79.4bn USD
- expected 92.7bn, prior 101.3bn
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Oil imports YTD are down 4.7% y/y
- coal imports down 14.9% YTD y/y
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China's economy has hit very hard indeed by
- ongoing COVID-related lockdowns
- the property sector has collapsed under the weight of debt
- power shortages
Check out that import number, that's awful. Exports not too hot either.
