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


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...

PANJIVA RESEARCH is a service provided by Panjiva, Inc. ("Panjiva") to relevant global subscribers, and are deemed to be Panjiva "Services" subject to the Panjiva Terms & Conditions of Use. Information contained within or made available via the Services is for informational purposes only and nothing in the Services shall constitute or be construed as an offering of financial instruments, or as investment advice or recommendations by Panjiva, Inc. or its affiliates of an investment strategy or whether to "buy", "sell" or "hold" an investment. The Services may include views and commentary about customers of Panjiva. No aspect of the Services is based on consideration of your individual circumstances, and you should determine on your own whether you agree with the information contained within or made available via the Services. Employees involved in Panjiva Research may hold positions in securities analyzed or discussed in the Services. Panjiva does not make any express or implied warranties, representations, endorsements or conditions with respect to the Services and the information contained within or made available via the Services, including without limitation, warranties as to the usefulness, completeness, accuracy, currentness, reliability or sufficiency of any information (including, without limitation, conclusions, statements, opinions, estimates, forecasts or projections of any kind) and expressly disclaims any implied warranties. Neither this disclaimer nor any of its contents may be forwarded or redistributed without the prior written consent of Panjiva. © 2019 Panjiva, Inc. All Rights Reserved.