China’s export and import growth to moderate in the coming months - Nomura

The Research Team at Nomura offer their afterthoughts on the Chinese trade data, noting the following:

"Looking ahead, we expect export growth to slow on uncertainties in external demand due to rising geopolitical risks and the stronger Yuan-U.S. dollar exchange rate in the first half of 2017." 

"Import growth is also likely to moderate along with export growth, in our view. The cooling property market (in terms of sales) is likely to lead to slower domestic investment growth, which may also weigh on import growth."