China trade balance preview - TDS

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.”