Bloomberg (August 8)
“China’s trade plunged in July as slowing global demand clouded the outlook for exports, while domestic pressures weighed on imports in a hit to the economic recovery.” Exports (dollar denominated) fell 14.5% while imports decreased 12.4%. Both figures “were worse than what economists polled by Bloomberg had expected.”
Tags: Bloomberg, China, Domestic pressures, Economic recovery, Economists, Exports, Global demand, Imports, Outlook, Plunged, Trade
Reuters (June 7)
After beating expectations in Q1, “China’s exports shrank much faster than expected in May while imports extended declines with a grim outlook for global demand, especially from developed markets, raising doubts about the fragile economic recovery.”
Tags: Beating, China, Declines, Developed markets, Doubts, Expectations, Exports, Fragile, Global demand, Grim outlook, Imports, May, Q1
New York Times (July 20)
“One reason U.S. investors are nervous is the price of oil, which dropped nearly 8 percent on Monday. Rising oil prices had been seen as a sign of a strong global rebound. The sharp decline…suggests that the global demand for oil, and therefore economic activity, could be lower than thought.”
Tags: Decline, Dropped, Economic activity, Global demand, Investors, Nervous, Oil prices, Rebound, Rising, U.S.
Reuters (October 19)
“China’s economic recovery accelerated in the third quarter as consumers shook off their coronavirus caution, although the weaker-than-expected headline growth suggested persistent risks for one of the few drivers of global demand.”
Tags: Caution, China, Consumers, Coronavirus, Drivers, Expected, Global demand, Growth, Persistent, Recovery, Risks, Weaker
Bloomberg (July 15)
“As the world’s largest exporter, China continues to benefit from robust global demand, but the increase in tensions and trade barriers with the U.S. is weighing on the outlook…. President Xi Jinping may ultimately have to choose between softening his multi-year campaign to control debt levels, or letting growth dip below the target of 6.5 percent.”
Tags: China, Debt levels, Exporter, Global demand, Growth, Outlook, Target, Tensions, Trade barriers, U.S., Xi
