Economists generally expect that the US’ most aggressive rate-rising cycle in 40 years will end soon, and that any subsequent rate-cut cycle would lead to lower financing costs for businesses – a positive for trade flows.
When China’s post-lockdown recovery began, financial institutions were bullish on the country’s growth prospects. In the months since, those institutions have had to repeatedly return to the drawing board.
Impact of China’s ‘one-off’ 1 trillion yuan (US$137 billion) issuance of sovereign bonds is set to wear off, with tapering expected as the property market, youth unemployment and local government debts slow growth.
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