China is in for a busy week, with a series of key data releases, such as trade and inflation.
On Friday, China's trade data will provide fresh insight into the country's widening trade imbalance, which has fueled tensions with major trading partners such as the European Union in recent months.
Economists at ING expect both exports and imports to remain robust, forecasting export growth of 28% and import growth of nearly 34%, resulting in a trade surplus of $112.6 billion.
Technology-related goods will likely continue to drive trade, ING said. Markets will also be watching for signs of a recovery in China's oil imports or further stagnation, as weaker imports have likely helped keep a lid on oil prices since the start of the Middle East earlier this year.
Beijing will also release July inflation data on Sunday, as policymakers continue to grapple with a deflationary environment marked by persistent price wars and weak consumer spending.
