Global Macro Perspectives
China trade balance was reported at USD 19.5 billion vs. USD 8.2 billion consensus and USD 1.7 billion in April. Export and import growth was running at 48.5 and 48.3 percent; Exports beat the consensus by 15% margin. Good numbers, but I suspect that going further into the year we will deterioration in trade balance as global […]
As usual all the data from China cones at the same time. So, let’s start. In short: China trade balance for April was marginally positive, but in my opinion the China ability to run large trade surplussed is lost and will not return in short term. Implications are diverse, maybe most important the quantity of […]
China exports were up 45.7% in February vs. 38.3% consensus and 21% in January. Imports rose 44.7% vs. 38% consensus and 85.5% in January. Trade surplus shrank to $7.6 billion vs. $14.2 billion in January. The consensus was at $7.2 billion. The trade surplus is shrinking, less imports now could mean less exports in the […]