CHINA ON BRINK: Economy misses vital trading targets at critical time
CHINA’S slowing economy and huge debts are a market disaster waiting to happen after another disastrous month for the nation.
By LANA CLEMENTS
Express.co.uk
Thu, May 12, 2016
Latest data coming out of the country suggests trouble could once again be about to strike, with April trading missing targets.
Worries over the fallout from the Asian country’s slowing economy triggered a meltdown in stock markets across the world at the start of the year.
Intervention by Chinese policymakers stabilised the situation and positive readings from economic indicators in March further calmed nerves.
But Michael Hewson, chief market analyst at CMC Markets UK, said: “The latest Chinese trade data for April once again missed expectations.
“Chinese exports showed a decline of 1.8 per cent, while imports also slid sharply by 10.9 per cent.
“If the latest April industrial production and retail sales data out this coming weekend also show similar softness then it’s reasonable to suppose that we could well see further easing measures from the People’s Bank of China in the coming weeks.”
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