摩根士丹利：中国经济-4 月出口同比增速或跌破 5%

April 14, 2025 05:59 AM GMT China Economics | Asia Pacific Exports Could Slip Below 5%Y in April Key Takeaways Source: China Customs, Morgan Stanley Research Surging exports – not really a surprise… The surprising headline is in line with our view last month that export YoY growth would rebound visibly in Mar, because the soft Jan-Feb reading reflects residual Lunar New Year (LNY) seasonality and the associated drag on labor-intensive exports. Indeed, labor-intensive segments rebounded sharply in Mar on a b ...