Analysts see big China export numbers, just as US raises volume of trade criticism
July trade surplus expected to be second highest posted this year
After China’s trade surplus with the US rose 6.5% in the first half of the year, despite a contraction in the overall surplus, the world’s number two economy is set to see a strong start to the second half.
China’s exports are forecast to rise 10.9% year-on-year in July, according to a median estimate from analysts, reports Reuters, down slightly from June’s 11.3% growth.
The expected trade surplus of US$46.08 billion would be the second highest monthly surplus this year.
The surplus with the US accounted for 64% of China’s total surplus for the first half, compared with 43% a year ago, according to China customs data.
The great export numbers for China come as the White House considers launching a probe into Chinese trade violations using a domestic US trade law, as the New York Times reported this week.