A staff member works at an engineering machinery company in Tangshan, in northern China’s Hebei province. Photo: Xinhua
Opinion
Opinion
Macroscope
However the trade war goes, China’s mixed growth numbers suggest authorities will continue intervening in its economy
- Industrial production and infrastructure investment slipped, the trade war outlook is murky and consumer spending mixed
- Therefore, look for Beijing to continue policy easing and to boost bonds for infrastructure spending early in 2020
A staff member works at an engineering machinery company in Tangshan, in northern China’s Hebei province. Photo: Xinhua
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
Opinion
Macroscope
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
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