China’s Recovery Proceeding Well, China Says
The leadership in Beijing was taken aback both by how rapidly COVID spread across the country following the relaxation of strict virus curbs in December, and by how quickly the economy rebounded thereafter.
Or so said someone "familiar with the matter" who spoke to Bloomberg.
Assuming there's any truth to that, it could mean stimulus provision won't be aggressive going forward. Another source indicated that ahead of the National People's Congress, state media were instructed to say the Party n
The South Korean export numbers painted a different picture.
I can’t stand that series. It’s like it’s built for click bait. They release three versions of it every month, and every single time, somebody, somewhere, leverages it for a headline, irrespective of what it says. South Korean exports are always “crashing,” “booming,” “collapsing,” “recovering,” “plummeting,” “swinging,” and on and on and on. It’s like a middle school writing camp on how to leverage action verbs for dramatic effect.
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The favorite hyperboles in my office are headlines like “Stocks suffer worst month since …. …. December.”