Workers sort packages after the Singles' Day shopping festival at a delivery company in Hengyang, China, on November 12. Photo: AFP Workers sort packages after the Singles' Day shopping festival at a delivery company in Hengyang, China, on November 12. Photo: AFP
Workers sort packages after the Singles' Day shopping festival at a delivery company in Hengyang, China, on November 12. Photo: AFP
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

If the US-China trade war worsens in 2019, China’s economic policymakers will have to act

  • Aidan Yao says several sectors of the Chinese economy are sagging and consumer spending is expected to decline in 2019
  • Beijing has so far taken tepid measures to spur the economy, and deleveraging has prevented more decisive action

Aidan Yao
Aidan Yao

Updated: 10:30pm, 21 Nov, 2018

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Workers sort packages after the Singles' Day shopping festival at a delivery company in Hengyang, China, on November 12. Photo: AFP Workers sort packages after the Singles' Day shopping festival at a delivery company in Hengyang, China, on November 12. Photo: AFP
Workers sort packages after the Singles' Day shopping festival at a delivery company in Hengyang, China, on November 12. Photo: AFP
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Aidan Yao

Aidan Yao

Aidan Yao is senior emerging Asia economist at AXA Investment Managers. Prior to joining AXA IM, he was a senior financial market analyst at the Hong Kong Monetary Authority for two years. He started his career at the Reserve Bank of New Zealand in 2007, serving as an economist and later senior financial market analyst until late 2011. He holds a master degree in finance (2006) and a bachelor degree in economics and finance (2005) from the University of Otago (NZ). He is also a chartered financial analyst.