Trade underperformance of China may extend – TD Securities – by eren_fxstreet Macroeconomics Banks China
Previewing the upcoming data releases from China, analysts at TD Securities said that they think the trade underperformance may extend as external demand is likely to be soft in 2023."While in the very near-term, consumer caution will cap consumption spending and in turn imports."
"After the easing in COVID restrictions, virus cases have increased and pressure on health facilities has intensified. Thus, mobility has worsened and consumer sentiment also declined as consumers become increasingly cautious. We expect continued pressure on activity in Dec and Jan before the economy starts to show signs of improvement."
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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