China trade balance: What to expect – Nomura

Analysts at Nomura are out with their expectations on what to watch for in the Chinese trade balance data due out shortly.

Key Quotes:

“We expect export growth to moderate, but remain relatively solid at 13.0% y-o-y in October after higher-than-expected growth in September, as a front-loading activity should extend into the rest of this year. 

Import growth is likely to slow more visibly, as importers may postpone some of their import orders from October to November to benefit from import tariff cuts (the most-favored-nation import tariff rate cuts announced by the State Council on 30 September came into effect on 1 November).”

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.