China entering uncharted territory? – Rabobank
|Talks between the US and China have resulted in a truce but the situation remains fragile, Rabobank's Senior Macro Strategist Teeuwe Mevissen reports.
Situation between US and China remains fragile
"So while China’s GDP over the first quarter came in better than expected, the economy still faces many challenges and risks."
"There is a truce between China and the US, and we think it is unlikely that Q1 growth will be sustained for the second half of this year."
"We revise our forecast for 2025 upward because we expect Q2 data to be around China’s growth target, downside risks remain significant and we foresee more downside for 2026."
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