China August trade data in both USD and CNY terms in the screenshot below.
For the period January – August (that is, YTD):
- USD denominated exports are down 5.6% y/y and imports are down 7.6% y/y
- in CNY terms for the YTD exports +0.8% (a falling currency helping) and imports -1.3%
Another poor report on trade from China. If there is a bright side its that the published numbers are better than those expected.
USD/CNH is little changed circa 7.3250.