China Watch – Will the Pig arrive in time this year?

China’s slowdown has accelerated somewhat in the 2nd half of last year, … with financial deleveraging and US trade conflict as key headwinds. But with Beijing adding piecemeal monetary and fiscal support, … we have seen some green shoots as first indicators of stabilisation. January trade data come in better than expected (but mind special effects). Extension of truce within sight as US-China trade talks resume in Beijing.