China trade surplus US$17bln

China trade data just out contained no firworks with export growth 15.9% vs. Reuters f’cast 16.5%. Import growth 28.7% vs. Reuters f’cast 23.0%. Month on month exports were down 7.2%; imports down 9.5%. The main purveyor of all things risk – AUD/USD is barely changed; last at 1.0139.