The Caixin Purchasing Managers’ Index dipped below 50.0 for the first time since May 2017 when December’s figures were released on Wednesday, showing manufacturing activities are contracting. Photo: Reuters

China must quickly ‘quench the immediate thirst’ of a deepening economic slowdown, senior economist Yu Yongding says

  • Yu Yongding, a senior research fellow at the Chinese Academy of Social Sciences, is the first domestic economist to call for Beijing to protect the growth rate in 2019
  • President Xi Jinping has already warned of the challenges ahead in 2019, without specifically mentioning the trade war with the United States
Topic |   China economy

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The Caixin Purchasing Managers’ Index dipped below 50.0 for the first time since May 2017 when December’s figures were released on Wednesday, showing manufacturing activities are contracting. Photo: Reuters
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Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.