China's Trade Growth Likely to Pick up Modestly in August
Dow Jones
Sep 04
1017 GMT - China's trade growth is likely to pick up modestly in August, according to Goldman Sachs in a research note. On exports, high-frequency indicators such as shipping volumes point to a mild recovery, the bank says. South Korea's reported imports from China remained solid, GS adds. "On imports, the ongoing AI capital expenditure boom should continue to support tech-related nominal imports, consistent with strong Korean exports to China in August," GS says. The bank forecasts export growth to rise to 26.0% on year in August from 23.9% in July, and for import growth to accelerate to 32.6% on year from 27.5%.
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