中国_7 月贸易增长加速；7 月货币与信贷数据前瞻-China_ Trade growth accelerated in July; July money and credit data preview

USD-denominated: Exports: 7.2% yoy in July (GS: 5.5%, Bloomberg consensus: 5.6%). June: 5.8% yoy. Sequential growth (seasonally adjusted by GS): +0.7% non-annualized in July vs. +0.9% in June. 7 August 2025 | 3:26PM HKT China: Trade growth accelerated in July; July money and credit data preview Bottom line: China's trade growth accelerated in July and came in above consensus expectations (exports: +7.2% yoy, imports: +4.1% yoy). The pick-up in headline export growth mainly reflected the accelerated exports ...