Today’s trade data underscore again the extent to which global demand is supporting China’s economy, and how little impact the trade restrictions of recent years have had. China’s export volumes have...

Export values rose y/y at the fastest pace since April 2023, with export volumes also picking up. We think exports will remain strong in the coming months, defying the expansion of Western tariffs...

Global demand is giving a bigger boost to China’s economy than we had anticipated this year and foreign tariffs will make little difference to aggregate export performance in the near term. We now...

Today’s PMIs suggest that China’s rebound is faltering. That appears to reflect a drying up of fiscal support after the initial surge at the beginning of the year. There’s more in the pipeline though...