China’s July exports top expectations, rising over 7%; imports record biggest jump in a year ‼️
▶️ Exports climbed 7.2% in July in U.S. dollar terms from a year earlier, customs data showed Thursday, exceeding Reuters-polled economists’ estimates of a 5.4% rise. ▶️Imports rose 4.1% last month from a year earlier, marking the biggest jump since July 2024, according to LSEG data. The data also indicated a recovery in import levels following June’s 1.1% rebound. Economists had forecast imports in July to fall 1.0%, according to a Reuters poll. ▶️On a year-to-date basis, China’s overall exports jumped 6.1% from a year earlier, while imports fell 2.7%, customs data showed. China’s trade surplus this year, as of July, reached $683.5 billion, 32% higher than the same period in 2024. Source: Augur Infinity @AugurInfinity, CNBC
The chart below shows the number of companies founded in China each year.
Private entrepreneurialism fueling China’s economic rise has come to a full stop there. Time will tell what will be the consequences of a pivot to a state run economy again. Source: Michel A.Arouet, FT
If you put a punitive tariff of 25% on India for importing Russian oil, you have to do the same for China, which is an even bigger buyer.
That means China tariffs go from 50% to 75% (and 20% in Jan. '25). Will it be applied on China as well??? Source: Robin Brooks
🚨: China bans cryptocurrency for the 1000th time 👻😱🫂
Source: Barchart
Chinese demand for Gold is exploding
Gold ETF inflows in China just topped $6 BILLION — a new all-time high. Net inflows have more than doubled in the past 3 months. Asia’s appetite for gold has never been stronger. Source: Wall St Gold on X
China's auto industryis a massive below-cost, state subsidized statecraft masking as trade
This is Beijing trying to put the world's auto producers out of business even as domestic carmakers teeter on the verge of collapse, but are propped up by state money. Source: zerohedge, Caixin
Beijing and Washington are expected to extend their tariff truce by another three months at trade talks in Stockholm beginning on Monday
During the expected 90-day extension, the U.S. and China will agree not to introduce new tariffs or take other actions that could further escalate the trade war, the report said. Source: Reuters
China's Car Industry Profit Margin has fallen to an all-time low
Source: Barchart
