This according to Bloomberg Economics, in response to the trade balance data earlier in the day
Some market reaction after this morning's China trade balance data where exports grew more than expected from forecasts.
Strong growth in both exports and imports is a positive indication on China's momentum heading into 2018. Buoyant demand means policy makers remain in a sweet spot to pursue their deleveraging agenda.
However, Bloomberg Economics continues to expect an export slowdown in 2018, as China would be seen to struggle in gaining extra market share.
It is also getting harder for China to gain more global market share. Indeed, China's exports share of the global total peaked in early 2015 and has been falling since. We do not expect a major swing to protectionism in the U.S. But even targeted tariffs would add a drag.
