China’s July trade data (CNY): Surplus beats estimates, Exports show a solid surge

China's trade balance for July, in Yuan terms, came in at CNY +310.26 billion versus CNY 227.289 billion expected and CNY 345.180 billion last.

Exports came in at +10.3% vs. +2.9% expected and +6.1% last, while imports arrived at +0.4% vs. +1.7% expected and -0.4% last.