China Has A Trade Deficit! #SAD
Currencies, Macro, Commodities, geopolitics
Contributor Since 2016
Perhaps more than any other time in the last six decades, the fate of markets is inextricably intertwined with the ebb and flow of geopolitics. It's become increasingly clear that one simply cannot fully comprehend market movements without a thorough understanding of concurrent political outcomes. Drawing on extensive experience in both politics and finance, Heisenberg will help demystify a world in which investors can no longer hope to conceptualize of markets as existing in anything that even approximates a vacuum.
Well, China reported a surprise trade deficit of $4.98 billion for March overnight, the first since February 2017. That’s against forecasts for a surplus of $27.5 billion. Exports fell 2.7% y/y, while imports rose 14.4%.
I guess it’s time for Xi to make some red trucker hats – #Make China Great Again!
There’s obviously some seasonality here, but this is still notable – especially in light of trade tensions and questions about the viability of the “synchronous global growth” narrative:
More here:
https://heisenbergreport.com/2018/04/13/china-has-a-trade-deficit-sad/