Trade balance data for March is due from China today

There is no firmly scheduled time for the data release, around 0200GMT is a good guess.

Some moderation in the size of the surplus is expected. Improving imports (expected) will be taken as a sign of firming domestic demand in China.

China trade balance:

 

  • expected CNY 327.8bn, prior was CNY 516.8bn

 

Exports y/y:

 

  • expected +28.6%, prior was +10.9%

 

Imports y/y:

 

  • expected +17.6%, prior was -0.2%

 

USD terms

China trade balance:

 

  • expected $52.0bn, prior was $78.2bn

 

Exports:

 

  • expected +38.0%, prior +18.1%

 

Imports:

 

  • expected +24.4%, prior was +6.5%
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