China| Recessionary trade surplus continued, helping to offset tension of capital flight
Published on Tuesday, October 13, 2015 | Updated on Sunday, May 13, 2018
China| Recessionary trade surplus continued, helping to offset tension of capital flight
Summary
The “recessionary trade surplus”, a widening trade surplus resulting from a mix of weak exports and even weaker imports, continued through September, unaffected by recent fluctuations of the RMB exchange rate. September exports registered a year-on-year decline of -4.5% y/y (consensus: -6.0%), marginally narrowed from the August outturn of -5.5% y/y.
Topics
- Topic Tags
- Regional Analysis China
- Macroeconomic Analysis
Authors
Jinyue Dong
BBVA Research - Senior Economist
Le Xia
BBVA Research - Chief Economist
Documents and files
Warning: Invalid argument supplied for foreach() in /var/www/html/wp-content/themes/bbvaresearch/single.php on line 850