Free Trial

MNI BRIEF: MOFCOM Meets With Korean Trade Association

MNI (Beijing)

China's Vice Minister of Commerce Li Fei met with a delegation from the Korean trade association in Beijing on Tuesday and exchanged views on future economic and trade cooperation between the two countries.

The Korean trade association previously told MNI trade with China would remain subdued in H2 due to China’s slow recovery and a global downturn in the semiconductor industry. (See MNI INTERVIEW: S.Korea H2 Export Outlook Hit By Slowing China - Bonds & Currency News | Market News)

Exports are expected to rebound towards the end of 2023 as the U.S. and Europe enter peak demand season and favourable currency factors boost exports. (See MNI INTERVIEW:China Exports To Rebound, Strengthen GDP-Advisor - Bonds & Currency News | Market News) China will release trade data for August on Thursday following July exports falling for the third straight month by 14.5% y/y in USD terms – an over three-year low.

MNI Beijing Bureau | lewis.porylo@marketnews.com
MNI Beijing Bureau | lewis.porylo@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.