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Thursday, December 12, 2019

How is China's economy doing?

https://sg.finance.yahoo.com/news/etfs-focus-trade-tussle-dampens-214809679.html

For a consumption-led economy like China, import matters more than export.  Why?

From a simplistic perspective, the export number reflects "yesterday" demand and the import figure reflects "tomorrow" demand.

Therefore, I expect China's PMI to continue to expand because the importers are anticipating higher demand ahead and also the de-americanization will help to boost the local industries.

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