-
China’s Trade Surplus… To the Moon!
China’s trade surplus topped USD100B in July – a historic record for a month (see chart below). What are the main takeaways? First, such a large trade surplus is growth-positive at the margin – an important consideration when other growth drivers (such as household consumption) are still soft, and the consensus growth forecast for 2022 has been cut below 4%. The contribution of net exports to China’s real GDP growth surged above 20% in 2020-21 – not a negligible amount. And this also suggests that authorities will continue to be super-conservative with any additional policy stimulus (on top of the ... (full story)
- Comments
- Subscribe
- Comment #1
- Quote
- Aug 9, 2022 7:21am Aug 9, 2022 7:21am
-
traderathome - Joined Mar 2008 | Status: PVSRA with Traderathome | 1573 Comments
-
- Older Stories
-
From mof.go.jp|Aug 8, 2022table
-
From state.gov|Aug 8, 2022|1 commentNearly six months into the unprovoked and brutal assault on Ukraine, Russia continues its destruction of Ukrainian towns and villages. President Biden has been clear that we will ...
-
From nippon.com|Aug 8, 2022Companies that continue to operate despite being in a state of bankruptcy, such as not making requisite payments, being insolvent due to accumulated losses, or having excess debt ...
-
- Newer Stories
-
From cnn.com|Aug 9, 2022|6 commentsSome of the world's richest men are funding a massive treasure hunt, complete with helicopters and transmitters, on the west coast of Greenland. The climate crisis is melting ...
-
From dailyfx.com|Aug 9, 2022|1 commentThe Euro has continued to steady on Tuesday as the market awaits Wednesday’s inflation report in the US. EUR/USD has traded in a narrow range around 1.0190 so far today. The ...
-
From @financialjuice|Aug 9, 2022|20 commentstweet at 2:01am: BOE'S RAMSDEN: BOE MIGHT BE IN SITUATION OF CUTTING RATES AND SELLING ASSETS AT SAME TIME. tweet at 2:01am: BOE'S RAMSDEN: WE HAD TO ACT FORCEFULLY LAST WEEK TO ENSURE INFLATION DOESN'T BECOME EMBEDDED. tweet at 2:01am: BOE'S RAMSDEN: INFLATION EXPECTATIONS REMAIN ANCHORED. tweet at 2:02am: BOE'S RAMSDEN: NOT RULING OUT THE NEED TO START LOWERING THE BANK RATE QUITE QUICKLY AT SOME POINT. tweet at 2:02am: BOE'S RAMSDEN: MORE LIKELY THAN NOT THAT WE WILL HAVE TO RAISE BANK RATE FURTHER.
- Story Stats
- Posted: Aug 9, 2022 12:07am
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 1,380
- Linked events:
