Market comments by JP Morgan's managing director and vice chairman for Asia Pacific, Jing Ulrich
- China's consumption will continue stable growth this year
- Possible measures from US to be imposed on China trade may have impact on Chinese exports later this year
- USD/CNY may keep steady and reach 6.25 at year-end
Goes in line with what the firm's chief China economist sees for the Chinese economy later this year.
There is a growing theme that the market is quietly expecting a possible slowdown in China's economy in the second half (particularly with the US-China trade rhetoric brewing). If those whispers start to turn into chatter, it's going to hurt EM more than the worries they are facing right now.
