Benchmark
Asian Exports May Be About to Slow, From Great to Merely Pretty Good
Credit Suisse anticipates slowing Chinese demand in the second half
Stacked containers sit among gantry cranes at Tanjong Pagar Container Terminal at the Port of Singapore
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
The Great Asian Export Spurt may be about to end, replaced by a stretch of merely good exports.
Demand from both Chinese consumers and manufacturers, a key driver for an unexpected jump in Asian exports so far this year, is likely to moderate as Beijing shifts focus toward economic re-balancing, and corporate China slows a massive inventory buildup, Credit Suisse economists argue in a research note.