Flash: Today's China GDP risk to the downside - Nomura

FXstreet.com (Barcelona) - After the poor trade data out of China from last week, with export growth down by 3.1% y-o-y in June and import growth by 0.7%, according Zhiwei Zhang and Wendy Chen, Economists at Nomura, "the risk is for further downside risks to the June and Q2 growth numbers due for release later today at 2GMT, while helping reinforce our view that there is a 30% chance that China‟s GDP growth may drop below 7% in H2."