WEEK AHEAD: Chinese Monthly Activity & 1-Year MLF Headline Week

July's Monthly Economic Activity data and 1-Year MLF from China cross tomorrow, the releases headline the week's docket in Asia.

• China - On Tuesday the latest 1-Year Medium-Term Lending Facililty is expected to remain unchanged at 2.65% with the volume to increase to 410.0bn from 103.0bn. Also on Tuesday July Industrial Production (exp 4.3% Y/Y), Retail Sales (exp 4.2% Y/Y), Fixed Assets ex Rural (exp 4.2% Y/Y), Property Investment YTD (exp -8.0%) and Surveyed Jobless Rate (exp 5.2%) cross. On Wednesday Jul New Home Prices round off the week.
• South Korea - The data docket is thin this week with just July Terms of Trade due on Thursday, there is no estimate for the print.
• Taiwan - The final read of Q2 GDP is on Friday, there is no estimate and the prior was 1.45% Y/Y.
• Singapore - July Export Data crosses on Thursday and is the only data of note, there are no estimates for the Electronic Exports or Non-Oil Domestic Exports.
• India - On the wires today are July Wholesale Prices (exp -2.55% Y/Y) and July CPI which is expected to tick above the RBI's 2-6% band to 6.50% Y/Y. Trade Balance is due sometime today or Tuesday, the deficit is expected to tick wider to $21bn.
• Thailand - The only data due is Friday's Weekly Foreign Reserves.
• Malaysia - The calendar is empty until Friday when Q2 GDP and July Trade Balance are due.
• Philippines - BSP's latest monetary policy decision is due on Thursday, no change to policy is expected.
• Indonesia - July Trade Balance is the only print on the docket, the release crosses tomorrow and a surplus of $2.531bn is forecast.