In dollar terms, imports from China fell marginally in the first half of 2023 from the same period last year. But a closer examination of the data suggests the actual volume of imports may have increased
Despite non-property developer bonds being relatively more attractive than Chinese government bonds (CGBs), overall sentiment among foreign investors is likely to remain low in the second half of the year.
The trade boom that China’s economy enjoyed early on in the pandemic appears to be waning, as not even the appeal of a depreciated yuan can offset the changing global demand dynamics.
China’s yuan continued to weaken against the US dollar on Friday, further complicating the outlook for manufacturers amid a slowing economy, coronavirus disruptions and an aggressive US Federal Reserve interest rate policy.