Makingheadlines
Foreign exchange reserves
The State Administration of Foreign Exchange (SAFE), China’s foreign exchange regulator, is scheduled to release data on China’s foreign exchange reserves on Tuesday.
Reserves posted an unexpected increase in June, rising $1.51 billion to $3.112 trillion, according to data from the SAFE. That followed a drop of $14.23 billion in May.
Import, export data
The General Administration of Customs (GAC) will announce China’s foreign trade data for July on Wednesday.
In June, China’s imports increased 14.1 percent year-on-year in dollar-denominated terms, while exports picked up 11.3 percent yearon-year, according to data released by the GAC on July 12.
In the month, China saw a trade surplus of $41.61 billion.
Consumer, producer prices
The National Bureau of Statistics (NBS) will release the data for China’s consumer price index and producer price index for July on Thursday.
In June, the CPI rose slightly to 1.9 percent, up from 1.8 percent in May, while PPI increased 4.7 percent, comparing to an increase of 4.1 percent in May, according to the NBS on July 10.
Social financing data
The People’s Bank of China (PBC), the country’s central bank, is scheduled to reveal data on China’s total social financing, a broad gauge of credit and liquidity, for July on Friday.
In June, total social financing increased sharply to 1.18 trillion yuan ($176.3 billion) from about 760.8 billion yuan in May, according to data from the PBC.