1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

China: Authorities expect a bounce in trade in March – ING

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 21, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    Tim Condon, Chief Economist at ING, expects the impact of the Chinese spending shock to persist and export growth in 2016 to be weaker than 2015’s -2.5%.

    Key Quotes

    “Commerce Minister Gao Hucheng told the China Development Forum that foreign trade would bounce in March from the January-February crash. Lunar New Year seasonality typically means a big sequential drop in average January-February exports (from the 4Q average) and a big sequential bounce in March. We think more than seasonal factors were behind this year’s unusually large, 25.8% January-February decline, in particular, a global spending shock from the 30% crash in global oil prices in December-January.

    We expect the impact of the spending shock to persist and export growth in 2016 to be weaker than 2015’s -2.5%.”
    For more information, read our latest forex news.
     

Share This Page