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

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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
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Aidan Yao

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.