Having said that, as for the immediate future, in addition to policy effects both from the fiscal and monetary fronts, inventory adjustment is likely to progress, supported by firm domestic demand, and exports are also expected to pick up, and thus the recovery trend in the Chinese economy will gradually become pronounced.
Developments in the NIEs and ASEAN economies At present, partly due to stagnant exports to Europe and other countries, the pick-up in the NIEs and the ASEAN economies has moderated. However, as for the outlook, if the global economy increases its brightness led by the United States and China, exports will gradually pick up and the pace of recovery will likely accelerate.