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Balance of Trade

Name: Balance of Trade
Creator: TipRanks

The Balance of Trade in China measures the difference between the value of its exports and imports of goods. It is a crucial indicator of China's economic health, as a trade surplus can signify strong global demand for Chinese products, boosting GDP growth. This event is significant for financial markets as it influences the yuan's exchange rate, impacts global commodity prices, and affects investor sentiment regarding China's economic prospects. China's large trade surplus often reflects its role as a major global manufacturing hub and can lead to trade tensions with other countries.