10 Mar 2019, Guy Dunn
Trade data: a cause for concern
China is not alone in reporting troublesome trade data with Korea and Japan exports also seeing significant declines in recent months – much of this caused by a slowdown in Chinese imports from these countries.
Against this backdrop, the National People’s Congress has been in session in Beijing. Premier Li Keqiang’s address was notably downbeat with projections of economic growth cut and warnings of “tough challenges” ahead. The Congress’ announcements of large tax cuts for small and medium Chinese businesses and significant infrastructure investment clearly denote an administration that sees the need for fiscal intervention if China is able to meet even reduced growth targets. Original source: EMIS