Investor Presentaiton slide image

Investor Presentaiton

Why trade matters: relevance and evolution of trade 1 Trade in the age of Covid $bn Exports from Asian economies¹ 240 220 200 180 1 The four phases of trade 160 China during the Covid crisis Taiwan 140 Vietnam 120 3 1 Supply shock 2 USD liquidity crunch 4 Index 55 50 50 Purchasing Manager Index² 45 40 40 Global Germany China 35 3 Taiwan 20 Vietnam 0 30 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Nov-19 Jan-20 Mar-20 May-20 Jul-20 Composite Leading Indicator³ 3 Demand shock Index 100 99 98 3 4 Recovery(?) 97 1 96 95 94 93 92 Container Throughput4 Index 118 116 114 1 112 110 3 108 106 104 102 100 Jan-20 Mar-20 May-20 Jul-20 Nov-19 Jan-20 Mar-20 May-20 Jul-20 US China OECD+M6 86 - 85 . 84 Nov-19 1. 2. WTO Total merchandise exports. Aug China based on China Customs portal, Aug Taiwan based on Ministry of Finance portal. China Jan & Feb 2020 combined data apportioned using PY exports. HSBC Research articles for PMI (Purchasing manager Index) 3. OECD Composite Leading Indicators (CLI) Amplitude adjusted, M6 is major 6 non-members 4. RWI/ISL-Container-Throughput-Index (2015 = 100) seasonally and working day adjusted 4 |PUBLIC❘
View entire presentation