China’s exports likely to have grown 15 pct in March

China’s exports and imports data for the month of March are set to be released this week. According to a DBS Bank research report, exports are expected to have expanded 15 percent, while imports are likely to have grown 16 percent.

Early indicators are positive. NBS PMI trade indices rebound to growth from contraction earlier. There might also be a rush to ship exports in impacted sectors before tariffs hit. Meanwhile, producer price inflation is expected to have decelerated in the midst of a continued downturn in the reflation cycle. M2 is expected to have registered single-digit growth because of the reduction in internal leverage in the overall financial system, stated DBS Bank.

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