Shoppers browse inside an Apple store in Shanghai. Consumption remains the largest growth contributor in China’s economy, making up 76 per cent of fourth-quarter GDP growth. Photo: Bloomberg
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

China’s economic reforms are working. The bad news is the pain may get worse

  • Aidan Yao says amid a growth slowdown, the strengthening service sector and household consumption are welcome news. Even so, softening global demand and challenging conditions at home will keep economic planners on their toes

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Shoppers browse inside an Apple store in Shanghai. Consumption remains the largest growth contributor in China’s economy, making up 76 per cent of fourth-quarter GDP growth. Photo: Bloomberg
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European Central Bank president Mario Draghi attends a press conference in Frankfurt on January 24. The ECB has announced that it is keeping key interest rates unchanged at least through the summer. Photo: Xinhua
Nicholas Spiro
Opinion

Opinion

The View by Nicholas Spiro

Why China’s economic policies are less of a concern than those of the Fed and European Central Bank

  • Nicholas Spiro says investors’ belief that Beijing is set to further stimulate the economy is not entirely misplaced. Meanwhile, the ECB has been slow to react to signs of trouble in Europe, leaving big questions over its tightening policy

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European Central Bank president Mario Draghi attends a press conference in Frankfurt on January 24. The ECB has announced that it is keeping key interest rates unchanged at least through the summer. Photo: Xinhua
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