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Citic Construction InvestmentSlotmasterExports are still under the low elasticity of domestic demand this year.SlotmasterA major bright spot of the Securities Times e Company News, CITIC Construction Investment Securities Research News believes that the manufacturing PMI in April is higher than the rise and fall line, mainly due to strong external demand orders. This round of China's export resilience comes from last year, structural capital goods and medium-to-high.Slotmaster.Slotmaster..
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Citic Construction Investment: exports are still a bright spot in the low elasticity of domestic demand repair this year. Citic Construction Investment Securities Research News believes that the manufacturing PMI in April was higher than the rise and fall line, mainly due to strong external demand orders. This round of China's export resilience comes from last year, with outstanding structural capital goods and medium-and high-end exports. This sector is not only the support of the current Chinese economy, but also the demand driver. Under the complete supply chain of "key components-machine manufacturing-integrated application", the competitive advantage made in China cannot be surpassed by other countries. Exports are still a bright spot in the low elasticity of domestic demand this year, and there is a strong consensus on this market. We recognize the comparative advantage of exports and have previously suggested that equity markets can look for relative gains in the export chain. It is important to note that the Fed's interest rate cut expectations have repeatedly failed, tight global dollar liquidity may flatten the global manufacturing sector, and a new manufacturing boom cycle will be delayed.
