Chinese Trade Balance: Imports Collapse, More Easing ahead?
The Chinese equity markets were in a strong uptrend in the trading session today on the back of tepid trade balance reports which had investors and analysts believe that the Chinese government could introduce further easing into the system to kick start growth in the economy.
It was reported today that exports from the Chinese economy fell less than expected but a double digit decline in imports is being seen as a huge negative by traders and investors as it is indicative of the sluggish consumption present in the economy at the current moment. Exports fell by close to 2.5 percent but imports declined by 17.6 percent as compared to the same period last year.
