China’s July Trade Balance (CNY): A big beat across all indicators

China's Trade Balance for July, in Yuan terms, came in at CNY442.23 billion versus CNY264.99 billion expected and CNY328.94 billion last.

July exports came in at +10.4% vs. +2.3% expected and +4.3% last while imports arrived at +1.6% vs. -0.7% expected and +6.2% prior.