China July trade balance preview - Nomura

China’s trade balance figures are due out this Wednesday, with Nomura’s analysts expecting the country’s export growth to decelerate last month amid escalating US-China trade dispute.

Key Quotes:

“We expect export growth to slow as US-China trade tensions have escalated and the import tariff hike by the US on Chinese goods has come into effect. 

Import growth is likely to accelerate in year-on-year terms as Chinese importers could have postponed their shipments to July given the tariff cuts on certain imports (such as autos and daily commodities) came into effect on 1 July.”