April trade data; Declining PRC investment in the EU; Back to Bali; PRC expels Canadian diplomat; Urban wages
Summary of the Essential Eight:
Disappointing April trade data - Imports surprisingly fell 7.9% in April from April 2022, and exports grew 8.5%, in more possible signs that both the global economy is weakening and the Covid exit wave recovery in China has been disappointing. The weakness may spur hopes in some quarters for more stimulus. The government i…