October 2022 China Macro Data Recap

October macroeconomic data showed decelerating growth across the board, with notable weakness in household consumption and consumer credit. Exports declined for the first time since May 2020 and should continue falling in the coming months. With Beijing relaxing guidance on COVID restrictions for localities, there is some hope for an improvement in cyclical momentum and stronger property sales, but the spread of the virus itself remains a critical risk.

Posted November 16, 2022
Facebook Twitter Pinterest