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China skeptics to think again? - Rabobank

FXStreet (Guatemala) - Analysts at Rabobank noted the improvements in data from China of late.

Key Quotes:

“China’s strong export data suggested all is well (exports +14.5% YoY), but imports fell YoY 1.6% YoY, which is not such a healthy sign – nor is that fact that the EU, US, and Hong Kong provided most of the lift to exports 3MMA YoY – hardly the consumption engines you would expect”.

“China’s CPI and PPI out Saturday also saw headline inflation up 2.3% and PPI -0.9%, both in line, but the latter was the 29th consecutive month of factory-gate deflation: when that figure turns around we can be less skeptical of the real underlying strength of the economy but there’s no sign yet”.

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