The most recent Bloomberg survey indicates an improved outlook for the Chinese economy this year, with exports up 4.3% over 2023; which is a significant improvement over the 2.8% growth expected in the previous survey, conducted in May. According to the survey, economic growth is expected to reach 5% this year, slightly above the 4.9% previously forecast.

The new estimates follow an improved performance of Chinese foreign sales during April and May, reflecting a recovery in global demand and the competitiveness of Chinese producers, reflecting a recovery in global demand and the competitiveness of Chinese producers. This export recovery comes amid a shift in the mood of global consumers from consuming services to consuming products. The new trends support the government's strategy of relying on exports to boost the economy, given the weakness in Chinese household spending.

Risks in sight? Possibly, the most important one is the increase of barriers against Chinese products in key markets such as Europe or the United States, such as Europe and the United States.

Weak domestic demand is generating deflationary pressures in the Asian giant's economy. Inflation projections for this year point to consumer price growth of just 0.6%, while the producer price index is expected to fall by 1%.