The macroeconomic data published last week showed that the support of government policy has been generating a positive impact on the economy. The GDP of the first quarter of China registered a strong growth of 5.4% year -on -year, above the expectations of the market of 5.2% year -on -year. Meanwhile, the monthly macroeconomic data of March in general aimed at an acceleration of growth compared to the previous month or the January-February period, including exports, retail sales, industrial production and FAI. As for exports, growth shot at 12.4% year-on-year from a weak average growth of 1.5% year-on-year in the January-February period. We still do not see the negative impacts of US tariffs, exports to the US grew by 9.1% year-on-year in March, accelerated growth compared to the average of January-February of 1.1% year-on-year, the MUFG FX analysts report.
China’s growth surprises up, but the house lags
“That said, the recovery of the housing sector remained weak, since all indicators of main activities registered a negative growth in March, while housing prices were still in decline. During the 13th Special Study session of the State Council held last week, focused on ‘strengthening expectations management and coordinating the implementation of policies and the orientation of expectations’, the Prime Minister Li emphasized the importance of the moment of the moment of the moment of the moment Policies and the need to implement policies early and timely at critical moments, to give a positive form to market expectations, hinting at a change towards a more proactive approach to the government.
“The strip and loosen between the US and China continued, with the Trump administration imposing a new export control on NVIDIA H20 chips to China and planning to impose tax Related to American companies aircraft.
“That includes showing more respect by controlling the derogatory comments of Trump’s cabinet members, a more consistent American position, a willingness to address China’s concerns about the sanctions of the US and Taiwan, as well as the appointment by the US of a contact person for negotiation conversations that have Trump’s support. This occurs while Bloomp Trump is trying to persuade other nations that come to the US for the negotiation of tariffs to impose ‘secondary tariffs’, where the nation imposes tariffs on imports from countries that have a close link with China. “
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
