Emerging Markets Diverge Amid China's Growth Slowdown
글로벌 시장 | Thu Jul 16 2026 00:00:00 GMT+0000 (Coordinated Universal Time) | 5 sources
China's Q2 GDP disappointed while CXMT's IPO drew global interest, Malaysia faced potential rate hikes, and Brazil moved to restructure farm debt.
Analysis
[China] posted Q2 GDP growth of 4.3%, the lowest since 2022 [1]
- Missed market expectations of 4.5%
- Slowed from 5% in Q1
- Urban fixed-asset investment fell 5.7% in H1
- Property investment plunged 18%
[China Consumption and Industrial Output] saw June retail sales rebound 1% and industrial production expand 5.3% [1]
- Rebounded from -0.6% in May
- Industrial output beat expectations of 4.7%
- Strong exports tied to AI investment boom
- Widening supply-demand imbalance
[China Auto Exports] reached 1 million monthly exports despite tariffs [5]
- Exports continued despite tariff barriers
- Monthly volume of 1 million units
[CXMT] drew global investors seeking indirect entry into China's largest memory chip IPO [3]
- Largest Chinese IPO in about 4 years
- Most foreign investors excluded
- Exploring proxy trades
[Malaysia] faced expectations of tighter money market liquidity amid potential rate hikes [2]
- Expected strengthening of economic growth
- Possible central bank rate hike
- Tight money market funding conditions
[Brazil] announced a provisional measure to restructure 100 billion reais in farm debt [4]
- Approximately $20 billion in scale
- Implemented ahead of October presidential election
- Part of President Lula's re-election campaign
Sources
- [1] China posts slowest quarterly growth since 2022 as investment slumps, fanning stimulus calls - CNBC Markets
- [2] Liquidity in Malaysia May Tighten Further as Rate-Hike Bets Grow - Bloomberg Markets
- [3] Global Investors Hunt For Creative Backdoors Into China’s Mega CXMT IPO - Bloomberg Markets
- [4] Brazil to Offer Billions in Debt Relief for Struggling Farmers - Bloomberg Markets
- [5] China exports one million cars per month despite tariffs - Yahoo Finance