China Imports Slump in Combined January and February Data; AUD/USD Slides
China’s exports are slow, imports are 8.4%decrease -concerns on weak demand in the form of American tariff loom. Will the stimulation of Beijing offset the effect?
Tag: Hong Kong Hang Seng
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China’s Outlook: Stimulus, Trade War, and Growth Prospects as US Recession Risks Rise
Is Beijing concerned about a full-US-China trade war? China’s economic axis towards domestic consumption was mentioned in the 14th Five Year Plan (2021-2025). The focus is also expected to continue the focus even while expanding the upcoming 15th Five Year Plan into AI. In particular, economists hope that American tariffs will have limited impact on…
China NBS Manufacturing PMI Rebounds in February as US Tariffs Loom
In particular, the manufacturing sector expanded after a brief contract in January, the first contraction after Q3 2024. Manufacturing recovery and industry trends CN Wire highlighted major trends in February PMI data: The manufacturing sector saw the expansion of demand and production after a January contraction. Industries reporting PMI above 54.0 included non-Father metal smelting…
China Stimulus: Banking Sector Shake-Up and AI Investments Fuel Market Optimism
However, improving household incomes and labor market conditions remains critical for sustaining consumer confidence. China’s consumer confidence index rose slightly from 86.2 in November to 86.4 in December, hovering just above the November 2022 record low of 85.5. Recent government pledges could support a shift in sentiment and spending appetite. On February 10, Beijing announced…