The tweet was deleted by the author.
But we saved everything 🙂.
Christophe Barraud, chief economist / strategist at Market Securities, highlights a significant shift in China's export profile. China is now recognized not just for low-cost goods, but for high-tech exports—including AI hardware—which account for more than 25 percent of all exports. In April, high-tech exports from China rose by 39.2 percent year over year, compared to a 14.1 percent increase in total exports.
Barraud has previously highlighted that U.S. traders are contending with two-sided tail risk as stocks reached new highs, according to an earlier note. He also relayed calls for swift European Central Bank action if second-round inflation trends appear in the euro area, as reported in a separate update. These observations reflect his ongoing focus on market drivers across major regions.