Ben Simpfendorfer
Ben Simpfendorfer
definitely imports stories strength surprising weaker
There are two stories at work. The first is that we see surprising strength in exports. But imports are definitely weaker than I expected.
consumer demand driven export fourth growth investment moderation production quarter rising slower spending strong temporary weakness
Production growth is being driven by strong export demand and rising consumer spending at home. There will be some moderation in the fourth quarter because of slower investment growth and some temporary weakness in U.S. demand.
dollar flows portfolio seems support taiwan
Portfolio flows are very important for the Taiwan dollar. This support seems to have been removed and the Taiwan dollar is weakening.
europe good relations
There is some self-interest in Europe maintaining good relations with China.