A woman works at a workshop manufacturing plastic woven materials in Suqian, Jiangsu province, China, in July 2019. Photo: Reuters A woman works at a workshop manufacturing plastic woven materials in Suqian, Jiangsu province, China, in July 2019. Photo: Reuters
A woman works at a workshop manufacturing plastic woven materials in Suqian, Jiangsu province, China, in July 2019. Photo: Reuters
Aidan Yao
Opinion

Opinion

Macroscope by Aidan Yao

What to expect from China’s economy in 2020: a solid first half followed by a loss of steam

  • Better GDP data in the second half of 2019 and the ‘phase one’ trade deal bode well for China’s economic prospects in 2020
  • However, tight financial conditions as a result of Beijing’s deleveraging campaign and the import commitments under the trade deal will weaken growth in the second half of the year

Aidan Yao
Aidan Yao

Updated: 6:25am, 30 Jan, 2020

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A woman works at a workshop manufacturing plastic woven materials in Suqian, Jiangsu province, China, in July 2019. Photo: Reuters A woman works at a workshop manufacturing plastic woven materials in Suqian, Jiangsu province, China, in July 2019. Photo: Reuters
A woman works at a workshop manufacturing plastic woven materials in Suqian, Jiangsu province, China, in July 2019. 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.