China

China's dominance in global manufacturing is a central point of discussion, with concerns raised about its impact on other economies. The country is also a key participant in the ongoing trade negotiations with the United States.

China's factory activity slowed in January, with the manufacturing purchasing managers' index slipping to 49.3. This indicates a contraction in industrial health and reflects insufficient effective market demand and a traditional off-season for certain manufacturing sectors. The economy is facing a persistent domestic consumer slump and a protracted debt crisis in its real-estate sector, which are weighing on overall economic activity.

The China's government pledges to stabilize the property sector and potential easing of the 'three red lines' policy are crucial for the recovery of its real estate market. The government's actions directly influence market sentiment and developer liquidity.

China, as Nigeria's largest trading partner, is reaffirming its commitment to deepening bilateral trade and strategic cooperation. The proposed zero-tariff initiative will provide Nigerian businesses with greater access to the Chinese market, helping to rebalance trade flows and supporting Nigeria's industrialization agenda.

China is increasing its exports to Latin America due to slow domestic demand and US tariffs, leading to significant trade surpluses with many Latin American nations. It is also investing heavily in infrastructure and local production in the region.