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Worrying News Out Of China

|Includes:DSUM, SPDR S&P China ETF (GXC), PEK

Unlike the U.S., which recently posted positive trade data (albeit for June), China posted worrying trade information for the month of July. In July, China's trade surplus narrowed from $31.7B in June to $25.1B, completely missing the consensus of $35.2B. Moreover, exports to Europe fell 16.2% while overall export growth edged up 1%, which is miniscule considering the export growth of 11.3% in June.

Stocks: GXC, PEK, DSUM