Workers make swimwear at a factory in Yinglin town in China’s eastern Fujian province in August 2018. Photo: AFP
Andrew Sheng
Opinion

Opinion

Andrew Sheng

Asia’s export-driven growth model is on its last legs. What comes next?

  • With automation and protectionism pushing manufacturing back to home markets, Asian economies need to boost domestic consumption. But can they maintain good growth without increasing inequality and aggravating climate change?

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Workers make swimwear at a factory in Yinglin town in China’s eastern Fujian province in August 2018. Photo: AFP
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The International Monetary Fund has increased its growth forecast for China’s economy for this year by a small margin, despite the headwinds circling the global economy. Photo: Xinhau

China’s growth forecast for 2019 raised by IMF despite trade war and global downturn

  • International Monetary Fund sees global growth rebound in the second half of the year on easing of trade tensions
  • But IMF warns that risks to the forecast remain to the downside
Topic |   China economy

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The International Monetary Fund has increased its growth forecast for China’s economy for this year by a small margin, despite the headwinds circling the global economy. Photo: Xinhau
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