China Trade Surplus Below Expectations in July Despite Strong Export Growth

MACROECONOMY
China Trade Surplus Below Expectations in July Despite Strong Export Growth

China posted a trade surplus of USD 98.24 bn in July 2025, below the forecasted USD 105 bn, but up from USD 85.27 bn YoY. Exports rose 7.2% YoY, exceeding expectations (5.4%) amid easing tariff pressures, while imports unexpectedly climbed 4.1%. The surplus with the US narrowed to USD 23.74 bn as bilateral trade volumes dropped. Cumulatively, China logged a USD 683.5 bn surplus for Jan–Jul, with exports up 6.1% and imports down 2.7%. (Trading Economics)



INDUSTRY
Danantara Followed Up USD 10 bn Green Energy MoU with ACWA Power

Danantara Indonesia followed up the USD 10 bn (IDR 163.7 tn) MoU with Saudi’s ACWA Power signed in early Jul-25, exploring strategic investments in renewable energy and related infrastructure, including green integrated downstream. ACWA has been active in Indonesia through the 92 MWp Saguling floating solar project, 500 MW renewable and gas-to-power collaboration with Pertamina, and green hydrogen-ammonia partnership with Pupuk Indonesia. (Kontan)



COMPANY
Trimitra Trans Persada (BLOG) 1H25 Profit Rose 36.6% YoY

BLOG posted IDR 626.47 bn in revenue for 1H25 (+23.7% YoY), with net profit rising to IDR 71.08 bn (+36.6% YoY). Growth was driven by higher service demand, resulting in gross profit of IDR 126.86 bn (+34% YoY). Gains from fixed asset sales reached IDR 8.51 bn, while finance costs increased to IDR 10.19 bn. Pre-tax profit rose to IDR 90.68 bn, with tax expenses at IDR 19.6 bn. As of Jun-25, total assets stood at IDR 841.48 bn, equity at IDR 408.99 bn, and liabilities at IDR 432.49 bn. (Emitennews)