I mean, these figures for trade are actually even worse than economists had anticipated in terms of exports. Its the weakest data since back in february 2020, when china, of course, was right in the thick of the pandemic. Why is this data so bad . Well, its mainly to do with chinas customers abroad. Theyre really struggling with high inflation, high Interest Rates. So theyre spending less money on chinese goods. And if youre a policymaker in beijing, well, its difficult to say what you should do about that. You cantjust force other countries to start buying more of your goods. But theres also more to contend with. If you look at the spending within china, thats also looking not very encouraging at the moment. Tomorrow, were expecting some more figures to be coming out, which will probably show Deflation Prices actually going down in china. Thats a bit more difficult to explain. But there are some people who think that chinas Zero Covid Policy went on for so long that customers just are
i mean, these figures for trade are actually even worse than economists had anticipated in terms of exports. it s the weakest data since back in february 2020, when china, of course, was right in the thick of the pandemic. why is this data so bad? well, it s mainly to do with china s customers abroad. they re really struggling with high inflation, high interest rates. so they re spending less money on chinese goods. and if you re a policymaker in beijing, well, it s difficult to say what you should do about that. you can tjust force other countries to start buying more of your goods. but there s also more to contend with. if you look at the spending within china, that s also looking not very encouraging at the moment. tomorrow, we re expecting some more figures to be coming out, which will probably show deflation prices actually going down in china. that s a bit more difficult to explain. but there are some people who think that china s zero covid policy went