Chinese Trade Balance Surprises To the Upside
China trade balance was reported at USD 19.5 billion vs. USD 8.2 billion consensus and USD 1.7 billion in April. Export and import growth was running at 48.5 and 48.3 percent; Exports beat the consensus by 15% margin. Good numbers, but I suspect that going further into the year we will deterioration in trade balance as global […]