Retail sales fell 5.9%. Industrial production grew slower than expected. In November, exports fell by a disappointing 8.7% from a year ago. Imports dropped by 10.6% as domestic demand remained sluggish.
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I suspect, as they become more open towards COVID, for the next few months to be absolutely dismal.
Jeff
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China may not recover economically. To recover China needs to be exporting a deflationary force globally in manufacturing. That is no longer going to be the case.
More good reasons, for me at least, to continue to not invest in China’s equity markets, including Hong Kong listed companies. Lots of headwinds and silly to think of their “markets” and capital “markets” as either actual markets or as investable.
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Nothing in China is investable. They. Are. Not. A. Free. Country.
Just like an investment in Lukoil went this year, so too could easily go any China investment sometime in the future. @OrmontUS can eruditely comment on that!
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Absolutely true
Jeff
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I came upon this a few months back, stating among other data, that China “expected to register a strong growth of 10.4% in 2022” (talking about the eCommerce market).
Businesses looking to take their brick-mortar stores online and especially those planning to expand their eCommerce business internationally have to keep a close eye on developments in the Asian market, with China being the biggest part of it, regardless of the numbers at the moment.
I might not go as far as saying that nothing in China is investable, but you won’t see me investing there either.
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