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China’s economy has a ‘steep hill to climb’ despite positive export surprise, HSBC says

China's economy has a 'steep hill to climb' despite positive export surprise, HSBC says

Hong Kong observation wheel, and the Hong Kong and Shanghai Bank, HSBC building, Victoria harbor, Hong Kong, China.

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The Chinese economy still has a “steep hill to climb” despite a surprise pickup in exports and is unlikely to be bolstered by further fiscal stimulus, according to HSBC‘s Chief Asia Economist Frederic Neumann.

Exports in U.S. dollar terms rose by 0.5% year-on-year in November, defying…


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