China: Trade outlook remains soft – UOB
…
This is a premium post.
[s2If !current_user_can(access_s2member_level4)]Please register for FREE REGISTER to read full post below containing analysis. In case of any error or you think you are not able to read the full post below, please email us at support#nehcap.com [lwa][/s2If] [s2If current_user_can(access_s2member_level1)]
Economist at UOB Group Ho Woei Chen, CFA, assesses the latest trade balance results in the Chinese economy.
“China’s exports rose for the second consecutive month in Apr, boosted by a low base due to the Shanghai lockdown last year. The contraction in imports suggest weaker-than-expected domestic demand recovery.”
“Despite the export growth in the last two months, China’s trade outlook remains weak as signaled by the contraction in the Apr manufacturing PMIs for both the official and the private sector Caixin surveys. For now, we maintain our forecasts for China’s exports to contract by -3.0% and imports to grow by +2.0% respectively in 2023.”
“Imports of commodities including oil and metals generally held up with no evident signs of slowing industrial activities for now.”
[/s2If]
Nehcap Expert Advisor
The NEHCAP MT4 EA is high quality professional trading system geared to generate returns without using GRID or martingales. Each trade has strict risk per trade parameter. The pairs under management include EURUSD, GBPUSD, AUDCAD, AUDNZD,GBPAUD, EURAUD, EURCAD, CHFJPY and many more.
The system is trading live: LIVE ACCOUNT TRACKING
You can run it free. Apply for a free trial and track our account. Buy the system or use profit share mechanism to generate returns on your MT4.
Join Our Telegram Group
