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Economic
Research
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08 December 2016
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China
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Economic
Update
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China’s
Nov 2016 trade growth beat market expectations on the upside. Looking ahead,
we believe China’s
exports would continuously be supported by improving factory readings in
advanced economies, and a low base effect. Nevertheless, muted recovery in
emerging countries would limit the pace of rebound in 2017. Import growth
would also be supported by lowered comparable base, while moderating economic
growth would keep its growth rate at a modest level. The CNY is likely to
remain weak amid rate hikes expected in the US, and rising capital outflow
pressure, which may trigger tighter controls by the Government, in our view.
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Friday, December 9, 2016
Trade Terms To Gradually Stabilise Near-Term
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