China trade in USD terms: Both imports & exports see steep drop

China Customs now published the Chinese trade report in the USD terms, found below:

China Trade Balance (Jul): USD 52.3 Bln (exp USD 47.3 Bln prev USD 48.1 Bln)

China Exports USD (YoY) Jul: -7.4% (exp -3.5%, prev -4.8%)

China Imports USD (YoY) Jul: -10.5% (exp -7.0% prev -8.4%)