Trade data on Tuesday will indicate if exports–which have been a key engine of growth–have remained strong.
Thanks to resilient external demand and potential front-loading in response to the latest cuts in export tax rebates and the 10% tariffs threatened by U.S. President-elect Donald Trump, Nomura research analysts expect export growth to have remained solid in November, though it may moderate from October due to a high base.
A WSJ poll pegs exports growth at 8.4% in November versus October’s 12.7% increase. Imports are expected to have grown 0.8% on year, compared with a 2.3% drop in October, suggesting slightly improved domestic demand. That would bring the trade surplus to an estimated $92.8 billion, compared with October’s $95.7 billion.
Markets will also be watching for signals of more stimulus to come as China’s top leaders gather for the Central Economic Work Conference, an annual meeting to set the…
