Deliverymen work among parcels beside a road in Beijing on November 12, following the Singles’ Day shopping blitz. China’s labour market has stayed resilient, despite external shocks to the economy. Photo: Reuters
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

The 2020 outlook for China’s economy remains gloomy, but there is one bright spot

  • The Chinese economy faces a tough road ahead, since breakthroughs in trade talks are unlikely in a US election year. A silver lining is that the rebalancing of the economy towards consumption has helped to support the labour market

TOP PICKS

Deliverymen work among parcels beside a road in Beijing on November 12, following the Singles’ Day shopping blitz. China’s labour market has stayed resilient, despite external shocks to the economy. Photo: Reuters
READ FULL ARTICLE
A teller counts yuan at a bank in Lianyungang, in east China's Jiangsu province, in August 2015. Photo: AFP
Anthony Rowley
Opinion

Opinion

Macroscope by Anthony Rowley

Huge public, corporate and household debt looks like the ‘new normal’ for the global economy – until the next crisis

  • Large debts at the public and private level may not matter as long as growth continues and interest rates remain low
  • That could all change should a new financial crisis creep up on the global economy, as has happened before

TOP PICKS

A teller counts yuan at a bank in Lianyungang, in east China's Jiangsu province, in August 2015. Photo: AFP
READ FULL ARTICLE