China: Emerging trade recession - ANZ

According to analysts at ANZ, today’s trade figures has reinforced ANZ’s view that China’s trade recession has started to emerge.

Key Quotes

“The increase in China’s exports to ASEAN economies seems to indicate a structural shift in regional supply chains southwards.”

“Looking ahead, we find little reason to expect a rebound in the near term on the back of a sluggish global electronics cycle.”

“A creative solution can offer a breakthrough from the quagmire if China and the US focus on the value-added of China’s exports rather than gross trade values.”