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China's trade data to be revealed on Wednesday.



china economy
Trade data due to be released on Wednesday will give markets a better read on how domestic and foreign demand have held up for the world’s second-largest economy.

Overshadowing the data is China’s approach to managing the coronavirus. Chinese authorities have stopped short of explicit changes to President Xi Jinping’s zero-Covid approach. Still, analysts say the language in official statements has eased following a wave of nationwide protests criticising top leaders for sticking with the economically disruptive policy when the rest of the world has long since moved on.

The outlook for exports, in particular, has darkened based on recent reports from official and independent purchasing managers’ indices in China, revealing a marked decline in export orders last month as concerns mounted over growth in the US and Europe.

«Weaker external demand is another headache for Chinese exporters,» said Iris Pang, chief economist for Greater China at ING.

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Comments

  1. Laurie5 December 2022 at 16:31

    That zero-Covid approach is going to drive their economy into the ground. Six feet under if they keep with this madness.

    ReplyDelete
    Replies
    1. Damon5 December 2022 at 19:20

      Chinese people have already started having serious issues like not being able to work and get paid or having enough to eat. You won't find about these things in the media there, of course. But if you do a bit of research there are videos and articles on this.

      Delete

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