With China recording a massive 22% export, we speak to Carlos Casanova of UBP to unpack the latest global economic developments.

He weighs in on the structural shifts behind Beijing's 4.5% to 5% GDP target, the front-loading of semiconductor and tech exports ahead of potential US tariffs, and the looming threat of global stagflation if disruptions in the Strait of Hormuz push oil prices to $120 a barrel.