China markets round-up: July trade surplus surprises, PBoC reviews monetary policy, most Covid-19 treasury bond proceeds allocated

In this round up, China records a trade surplus in July that exceeds expectations by a large margin, the central bank reviews the monetary policy from the second quarter and sets a direction for the rest of the year, and the finance minister says more than half of the proceeds from China’s Rmb1tr Covid-19 themed ‘special treasury bonds’ are already in use.