Beijing takes off on the trade front, while Tokyo receives another drop in GDP. Those arriving this morning from Asia are in chiaroscuro.
La China it recorded a new record in the trade balance in August, with a surplus of 49,8 billion dollars.
The result, which updates the record of last July (47,3 billion), is higher than market expectations, which were for a median of 42 billion.
According to data published by the Customs Office, exports grew by 9,4% annually, to 208,5 billion dollars, down on the +14,5% in July, while imports showed a drop of 2,4 .158,6%, to 1,6 billion (from -2,7% in July) against expectations for an increase of XNUMX%. The drop in imports for two months in a row testifies to the slowdown of the world's second largest economy.
As for the Japan, GDP decreased by 1,8% in the second quarter compared to the previous three months, in line with market forecasts. Year over year, the decline in the second quarter was 7,1%. This is the worst figure since the one following the Fukushima nuclear accident in March 2011.
