Markets are calmer today as PBOC slightly outperformed yuan and Chinese exports were better in July.
Risk assets recover to date from the above events, with Chinese trade data once again demonstrating that exports are keeping pace with the US despite the global slowdown in growth and continued trade tensions.
Although there are positive results, the question is how long things can keep up in this way. Especially if the prospects remain uncertain and uncertain.
The above trade data continue to support weak and subdued domestic demand as imports are still having problems. China's trade surplus with the US will also increase and this raises further concerns over the trade dispute between the two countries.
This will only aggravate the problems of Chinese domestic demand and the global economic situation, general trading conditions by and large.
Against this backdrop, by and large, I do not see any positive impact on risk, and that will certainly lead to risk assets sooner rather than later.