China August trade data, yuan terms:
China trade balance: +376.3bn yuan
- vs. expected CNY 495.5bn, prior was CNY 362.7bn
Exports +15.7% y/y:
- expected 22.5%, prior was 8.1%
Imports +23.1% y/y:
- expected 9.1%, prior was 16.1%
USD terms
China trade balance $58.3bn
- vs. expected $51.0bn, prior was $56.6bn
Exports +25.6% y/y:
- expected 17.1%, prior 19.3%
Imports +33.1% y/y :
- expected 26.8%, prior was 28.1%
The decent size beat in imports will be taken as indicative of the economy performing better than has been indicated by the recent run of data.
This article was originally published by Forexlive.com. Read the original article here.