China is ideally positioned, but needs improvement on US trade tensions to stage a solid recovery. We continue to position for a strong China equity bounce.
China's inflation has weakened slightly to 2.4% yearly in October from 2.5% in Sept due to weaker food prices. The net effect of tariffs is uncertain. China’s export growth (in USD) rose further from 14.5% yearly in September to 15.6% in October, beating expectations. China’s exports to the US fell to 13.2% annualised in October from 14% in Sept (12.9% in Q3). The 10% additional tariff on USD 200 billion of Chinese goods kicked in only on 24 September.
from MQL5: Traders' Blogs https://ift.tt/2F9Q5FN
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