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China’s trade balance tends to rock markets everywhere! So even if you don’t follow the Yuan, this is still an important bit of data to keep track of.
The Chinese government has recently been talking up the issue of services exports. And this could change how the world views the Asian giant’s trade policy.
With the drama of the ongoing US-China trade issue getting all the headlines, let’s drill down to the underlying figures to get a better sense of how the market could react to the upcoming data release. The figure is extra important this time around because it’s the last major data ahead of the release of China’s Q2 GDP next Monday.
What We Are Expecting
The consensus among analysts is that the June balance of trade will come in at a surplus of $44.7B, up from the prior month’s $41.7B. This would bring it back in line with the average it has been maintaining for the last couple of years before the trade war started.
China’s trade balanc...
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