A Chinese national flag flutters on a boat in Beijing on October 29. A US-China trade deal will go some way towards restoring confidence in the Chinese economy, which would be key to mitigating the erosion of China’s long-term competitiveness. Photo: AFP

Opinion

Macroscope by Aidan Yao

China has a steady hand on its slowing economy, but can it prevent a crash landing?

Policymakers have little room to manoeuvre even if the domestic economy is holding up. With the trade numbers hit hard by US tariffs, their prudent policies won’t go far enough to ease the pain if the external environment does not improve

Aidan Yao

Published: 11:30pm, 6 Nov, 2019

Updated: 3:55am, 7 Nov, 2019

A Chinese national flag flutters on a boat in Beijing on October 29. A US-China trade deal will go some way towards restoring confidence in the Chinese economy, which would be key to mitigating the erosion of China’s long-term competitiveness. Photo: AFP

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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.