China： Three things in China
Goldman Sachs·2024-08-13 08:59
12 August 2024 | 6:31AM HKT China: Three things in China Three quick highlights from China: ■ Nuances of the July trade data: On the surface, China's July exports missed expectations (7.0% yoy vs. 9.5% Bloomberg consensus) and China's July imports surprised to the upside (7.2% yoy vs. 3.2% Bloomberg consensus). However, the import strength may be related to more working days, and the export miss does not necessarily imply lower export volume. In June, export value increased 8.6% yoy but export volume jumped ...