Tariffs Take Toll on Chinese Sentiment, Export Outlook at Nov. 2015 Low — Panjiva
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Tariffs Take Toll on Chinese Sentiment, Export Outlook at Nov. 2015 Low

Business Sentiment 140 China 1758 U.S. 3297

Chinese business sentiment towards exports dropped to its lowest since Nov. 2015 in October with a rating of 46.9 (below 50 indicates a contraction of exports is expected) from 48.0 a month earlier. That’s not a surprise given U.S. duties on Chinese exports now cover $250 billion of products and could widen in terms of coverage and rate in the new year. So far actual exports have continued to increase in both absolute and year-over-year terms, suggesting the turnaround could be swift when it comes. That said a weakening of the yuan, which was 4.4% weaker year over year in October vs. the...

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