China's July trade balance (in billion US dollars) released: 112.5

China's July trade surplus hit $11.25 billion, beating expectations but falling month-on-month, signaling resilient external demand supporting domestic liquidity.

China’s trade balance for July came in at $11.25 billion, higher than the expected $10.80 billion but lower than the previous value of $12.562 billion. The data, which exceeded expectations, sent a marginally easing signal, indicating that strong external demand is supporting domestic liquidity and increasing the likelihood that policy will remain steady.