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 trade: Increasingly challenging environment - HSBC

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Nov 9, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    FXStreet (Bali) - Jing Li and Julia Wang, Economists at HSBC, notes that China's trade balance points to an increasingly challenging environment for China's trade sector.

    Key Quotes

    "October exports contracted more than expected by 6.9% y-o-y. This is mostly driven by further weakness in exports to ASEAN economies, which fell from 6.0% in September to -10.9% in October. Exports to EU and Japan were also sluggish."

    "Meanwhile, import growth remained in deep contraction at -18.8% y-o-y. Falling commodity prices aside, weak domestic demand continued to weigh on import growth."

    "The data pointed to an increasingly challenging environment for China's trade sector and reaffirmed our view that growth will be mainly driven domestically. We forecast more policy easing measures, including 100bps reserve ratio cut before year end."
    For more information, read our latest forex news.
     

Share This Page