Betty Wang, analyst at ANZ, points out that China’s weak imports in June were driven by factors that included anaemic domestic demand and US control over high-tech exports, despite lower base effects.
“A continuous decline in China’s exports to the US has been partially offset by its exports to other markets, including ASEAN economies.”
“China’s trade balance is unlikely to improve in H2, inflicting a continuous blow to its growth outlook in H2 2019.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.