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ING forecasts China's January exports to grow 16.3 percent year-on-year in USD terms and imports to rise 16.2 percent, driven by Lunar New Year shipping timing. The bank argues the yuan's roughly 3 percent appreciation will not materially hurt overall exports.
Strong expected import growth, including raw materials, supports Chinese demand for commodities, though the forecast is a projection rather than a realized outcome.
think.ing.comIris Pang Chief Economist, Greater ChinaFeb 7, 2018After 17 past neutral report events, Chinese Yuan (CNY per USD) moved a median -0.0% over 5 sessions (47% higher; middle half -0.2% to +0.4%), and -0.8% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
