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Data released on Tuesday from China's General Administration of Customs shows mixed results for imports and exports and a drop in net foreign direct investment. Trade for the first seven months grew year-on-year but with a very slim margin of 0.4%. On the other hand, China's GDP growth in the first half of the year stood at 5.5%, which is in line with the full-year target of "around 5 percent" for 2023. Analysts are trying to predict if global headwinds will bear down on China more heavily than expected. What can these newly released data tell us about the state of the Chinese economy going forward?
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Data released on Tuesday from China's General Administration of Customs shows mixed results for imports and exports and a drop in net foreign direct investment. Trade for the first seven months grew year-on-year but with a very slim margin of 0.4%. On the other hand, China's GDP growth in the first half of the year stood at 5.5%, which is in line with the full-year target of "around 5 percent" for 2023. Analysts are trying to predict if global headwinds will bear down on China more heavily than expected. What can these newly released data tell us about the state of the Chinese economy going forward?
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