Chinese data expected to show highest trade surplus since the onset of the crisis - ING

Katarzyna Komorowska Independent Analyst

FXStreet (Łódź) - Tim Condon from ING suggests that China's trade balance data for June, due out tomorrow, is set to show a $36.95 billion surplus, which would be the highest since the global financial crisis.

Key quotes

"The consensus forecast for export growth is 10.4% YoY (prior 7.0%)."

"Exports were down 0.3% YoY YTD in May and imports up 0.8%."

"We expect macropolicy finetuning to be evident in the first full-year narrowing in the trade surplus since 2011 ($259 billion in 2013)."

Author

Katarzyna Komorowska

Independent Analyst

Practicing Forex trader with more than 7 years of experience. There is a positive long-term experience of trust management. From 2011 to the present, he has been a full-time analyst, author and expert of the ForTrader.ru magazine.

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