China’s July trade balance (in billion yuan) released: 767.07

China's July trade surplus fell to 76.707 billion yuan, signaling weak external demand and potential pressure for sustained loose policy.

China’s trade balance for July came in at 76.707 billion yuan, down from the previous value of 85.905 billion yuan, with no forecast provided. The significant decline in trade data indicates that weak external demand may persist, posing potential pressure on the domestic liquidity environment. Policy makers may need to maintain a loose monetary stance to hedge against the risks associated with falling exports.