China trade balance preview - TDS

Dhwani Mehta FXStreet

In the view of analysts at TD Securities (TDS), China’s June trade balance report is expected to show a healthy increase in imports.

Key Quotes:

“Our models utilizing trade data from key trading partners and commodity prices, point to another healthy increase in imports in June, likely up 23.3% y/y following a 26.0% y/ y rise in April. Export growth is likely to decelerate, with a less than consensus 8.7% y/ y increase expected. Consequently the trade balance is likely to come in around USD 22.5bn in May.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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