Workers are seen at the Harbin Electric Machinery Company in China’s Heilongjiang province, on February 22. Photo: Xinhua Workers are seen at the Harbin Electric Machinery Company in China’s Heilongjiang province, on February 22. Photo: Xinhua
Workers are seen at the Harbin Electric Machinery Company in China’s Heilongjiang province, on February 22. Photo: Xinhua
Sylvia Sheng
Opinion

Opinion

Macroscope by Sylvia Sheng

China’s economy seems to have peaked for the year. Is a rapid slowdown on the cards?

  • Major industrial activity indicators in May were disappointing and consumption recovery seems to be fizzling out
  • Bad news on the growth front is good news for the policy outlook, however, with monetary tightening likely to be gradual

Workers are seen at the Harbin Electric Machinery Company in China’s Heilongjiang province, on February 22. Photo: Xinhua Workers are seen at the Harbin Electric Machinery Company in China’s Heilongjiang province, on February 22. Photo: Xinhua
Workers are seen at the Harbin Electric Machinery Company in China’s Heilongjiang province, on February 22. Photo: Xinhua
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Sylvia Sheng

Sylvia Sheng

Sylvia Sheng, vice president, is a global strategist on the multi-asset solutions team, responsible for communicating the group's economic and asset allocation strategy, based in Hong Kong. Prior to joining J.P. Morgan, she worked as a China and Asia economist at Bank of America Merrill Lynch. She has a PhD in economics from the University of Cambridge and an MPhil and BA in economics from the same university.