Upcoming Chinese Trade Data May Disappoint

China’s trade growth may have ground to a halt in January, fueling further concerns over the outlook for the world’s second largest economy.

Exports likely grew just 2 percent on-year in January, according a Reuters poll of economists, lower than the 4.3 percent climb recorded in December. Imports, meanwhile, are forecast to have risen an annual 3 percent, compared to an 8.3 percent gain in the previous month.

“China’s trade activity likely deteriorated in January. Despite the global economic recovery, exports have been slow to rebound,” Moody’s Analytics wrote in a report this week.

“Some of this is due to the stronger yuan, while some of it reflects distortions in the data due to past speculative inflows hidden in export receipts. The Lunar New Year also crimped activity,” it added.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu