Market Highlights
China July exports in dollar terms declined by 8.3%, forecast to decline 1.5%, the People's Bank of China expected M2 growth in the coming period may also be accelerated.
PPI fell by 5.4% in July, the biggest drop since Oct 2009; CPI rose 1.6 percent, the biggest gain since Oct last year. Although pork prices rose significantly during the period, we believe China may not turn its easing policies just because of a surge in pork prices.
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