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1.Market Observations, 8.Was Sticky

9 Aug 2019 (AFR) – China surprises with best export growth since March

(9 August 2019, AFR, p15, Huizhong Wu and Stella Qiu)

Beijing | China’s exports unexpectedly returned to growth in July on improved global demand despite escalating US trade pressure, but the rebound may be short-lived as Washington prepares to slap even more tariffs on Chinese goods. Analysts say a sharp drop in the yuan currency this week may offer only limited help for Chinese exporters, who are facing additional US levies next month, shrinking profit margins, and sputtering demand worldwide.’

Read more at AFR.com (might need AFR log in access, or try: AFR.com/trial)

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