CHINA ECONOMICS UPDATE Chinese medicine sector：Right time to do the right thing Seismic shift March trade data fell below market expectations significantly Transpacific rates rose while Asia-Europe rates reached record low; CMA CGM orders 20K teu ships Global Display Market：Size migration battles against weak currencies and giant fabs from China Raising PT to HK$6.7-Better pricing for MSG following consolidation Lifting PT to HK$11.8-More exports driven by new MPOS Shipyards&Oil Services：UMWOG seeks arbitration on US$20 mn contract breach on early termination for Naga7 Eye on China Consumers–MNC View Series 65：Carrefour LFL sales further deteriorated in the first quarter