0926 GMT - China's export growth will likely continue to weaken in coming months as tariffs on China may remain elevated, Morgan Stanley analysts write in a note. The coming trade talks between senior U.S. and China officials will likely reduce the current prohibitive tariff rates to more manageable levels, they say. The brokerage continues to expect front-loading of NPC-approved stimulus in the near term, followed by CNY1 trillion-CNY1.5 trillion fiscal expansion in 2H, they say. Front-running of exports rerouting partly offset a sharp decline in exports to the U.S., sustaining resilient export growth for China in April, they say. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
May 09, 2025 05:26 ET (09:26 GMT)
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