Morgan Stanely economist Wang Qing and JP Morgan chief economist Frank Gong both expected China exports in October could be slipped by as much as 20 percent despite a resilient export growth in September.

The warning came before China releases its macro date for October in the upcoming week. They said industrial output has slowed faster than exports, indicating that China economy was shrinking faster than expected.

Good news is inflation rate in China is easing continuously, according to Mr Wang. He noted that producer inflation (PPI)  and consumer inflation (CPI) were expected to stay around 7.9 percent and 4.3 percent, respectively. It provide a favorable factor for the China government to adjust its monetary policy.

Aliuser learnt that Alibaba ( HKSE 1688) has earmarked US 30 million on global promotion in an effort to help SMEs to expand its oversea market following a task force was formed in October.

 

Related Stories:

 

Bookmark and Share

Advertisements