The latest economic data from China continues to highlight some challenges in its recovery phase – with consumer trends remaining weak and export markets looking constrained going forward, per the National Bank of Canada. Key quotes “Our forecasts are unchanged – with economic growth of 1.0% in 2020 (the weakest growth rate since 1976), before increasing by 9.75% in 2021.” “China’s industrial production increased in April – up by 3.9% yoy (compared with a 1.1% yoy fall previously). It is worth noting that this increase was far below the typical pre-COVID-19 rates.” “China’s trade balance widened in April – totalling US$45.3 billion (from US$19.9 billion in March). Exports rose strongly month-on-month, while imports declined, even as a wider range of countries imposed COVID-19 countermeasures.” “China’s retail sales continued to fall in April – down by 7.5% yoy (from -15.8% yoy in March).” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Australia: Labour statistics mask more than they reveal – Standard Chartered FX Street 2 years The latest economic data from China continues to highlight some challenges in its recovery phase – with consumer trends remaining weak and export markets looking constrained going forward, per the National Bank of Canada. Key quotes “Our forecasts are unchanged – with economic growth of 1.0% in 2020 (the weakest growth rate since 1976), before increasing by 9.75% in 2021.” “China’s industrial production increased in April – up by 3.9% yoy (compared with a 1.1% yoy fall previously). It is worth noting that this increase was far below the typical pre-COVID-19 rates.” “China’s trade balance widened in April – totalling… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
