Trade re-routing likely muted the impact of US tariffs on total Chinese exports 11 May 2025 | 10:49PM HKT China: Three things in China Three quick highlights from China: 240 220 200 180 160 140 120 100 80 60 240 120 100 80 60 140 160 180 200 220 Chinese exports nominal level by destination (seasonally adjust 19 20 21 22 23 24 25 ed) US Japan EU ASEAN LatAm Africa Others (mostly EM) Index (2019=100) Index (2019=100) Source: China Customs, Goldman Sachs Global Investment Research n Another deflation print: Bo ...

Core CPI held up, for now: Core CPI YoY remained robust at 0.5%Y (vs. 0.5% in March) and 0.7% MoM SAAR. In April, core goods prices (home appliances, cars and mobile phones) were largely stable on the back of the trade-in program; tourism- related prices slightly improved, such as tourism services (-0.5%Y vs. -0.9% in March) and hotel rooms, which is included in miscellaneous services (6.6%Y vs. 6.2% in March). Apart from core prices, food inflation was the highest in 5 months, led by fruit and beef amid co ...

Morgan Stanley Asia Limited Robin Xing Chief China Economist Robin.Xing@morganstanley.com +852 2848-6511 Jenny Zheng, CFA Economist Jenny.L.Zheng@morganstanley.com +852 3963-4015 May 11, 2025 09:41 PM GMT Investor Presentation | Asia Pacific M Foundation Growth Pain Beneath the Surface Related reports: Growth Pain Beneath the Surface (9 May 2025) Direct Tariff Impact Mitigated by Rerouting (9 May 2025) For important disclosures, refer to the Disclosure Section, located at the end of this report. M Possible ...

FICC Research Economics 2 May 2025 China Outlook Trade war hits, door for talks is open The deterioration in the NBS PMI was broad based, from export orders to employment to production, with negative spillovers to the services sector. With the trade war escalating, we estimate 3% of total employment could be at risk. Door to trade talks may be opening, but China urges "sincerity". Door to trade talks opening Newsflow on trade talks between the US and China remains fluid. Following China's denial of Presiden ...

Tractor Supply Company (NASDAQ:TSCO) Q1 2025 Earnings Conference Call April 24, 2025 10:00 AM ET Company Participants Mary Winn Pilkington - Senior Vice President-Investor Relations & Public Relations Hal Lawton - Chief Executive Officer Kurt Barton - Chief Financial Officer Robert Mills - Executive Vice President, Chief Technology, Digital & Corporate Strategy Officer Seth Estep - Chief Merchandising Officer Conference Call Participants Peter Benedict - Baird Josh Young - Truist Michael Lasser - UBS Chuck ...

Tractor Supply Co (TSCO) Q1 2025 Earnings Call April 24, 2025 05:41 PM ET Company Participants Mary Winn Pilkington - SVP, IR and Public RelationsHal Lawton - President and Chief Executive OfficerKurt Barton - Executive VP, CFO & TreasurerBarath Rao - Equity Research AssociateJosh Young - Equity Research Senior AssociateChuck Grom - Managing DirectorSteven Forbes - Senior Managing DirectorRobert Mills - Executive VP and Chief Technology, Digital & Corporate Strategy OfficerKaren Short - Managing Director – ...