China vice commerce minister
- says China's foreign trade stabilisation faces uncertainties and huge pressure hit by domestic and external factors
- On slowing trade growth, says Chinese importers and exporters are under pressure due to logistics problems, soaring raw material prices
Headlines via Reuters.
The timing of his comments is instructive. Tomorrow we get Chinese trade data for May. It sure sounds like the Minister is warning us of disappointment to come. Given the lockdown impacts on shipping movements (traffic into and out ports slumped due to lockdown restrictions).
Please note, the timings in the table are approximate:
This snapshot from the ForexLive economic data calendar, access it here.
- The times in the left-most column are GMT.
- The numbers in the right-most column are the 'prior' (previous month) result. The number in the column next to that, where is a number, is the consensus median expected.
