汇丰银行-xx宏观经济-china trade data(2017) activity continues to beat expectations-20170713-hsbc.pdfVIP

Economics - Data Reactions 13 July 2017 China Trade Data (June 2017) Kelvin Lam Activity continues to beat expectations Greater China Economist The Hongkong and Shanghai China trade data came in stronger in June, and higher than market expectations. In Banking Corporation Limited dollar terms, export growth was 11.3% y-o-y while imports was soaring away at +852 2996 6975 kelvin.h.p.lam@.hk 17.2% y-o-y. Machinery electronics and high-tech products continued to be the main drivers for exports, while resilient demand for capital goods and crude oil View HSBC Global Research at: were behind the strength in imports. In all, we think the industrial upgrading in China and stronger global demand will support export growth in the coming quarters. Issuer of report Th