RHB | China | China Foreign Trade Tumbles On Waning Demand

Economic Research	08 March 2016
China
Economic Highlights
China Foreign Trade Tumbles On Waning Demand Both export and import growth missed the market expectation again in Feb 2016. We have observed weakening demand across the board. Looking ahead, we remain cautious for China’s exports given fragile recovery of global economy, while import growth could gradually improve in the near term due to low base effect and recent rebound of commodity prices. Meanwhile, we could see more over-invoicing in the coming months if CNY softens again, which could distort trade growth numbers accordingly.                                                                Economist:  Zhang Fan| +8621 6288 9611 ext 105
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