Construction props up activity, but headwinds remain

Our China Activity Proxy (CAP) suggests that growth edged up in December driven by strong construction activity. But with credit now growing at the slowest pace in more than a decade and the impact of the government’s property controls yet to be fully felt, activity will slow in the months ahead.

Subscriber content

Read this in full, free

Start a free trial and use one of your 10 free starter credits to unlock this piece.


Free. 10 articles. No card required.
By completing this form you are agreeing to our Terms and Conditions for the provision of a free trial of Capital Economics' services. We take your privacy seriously and will not share your details with others without your consent. By providing your details, including your email address, you are consenting to Capital Economics sending you macroeconomic commentary and analysis. You can unsubscribe at any time. See our Privacy Policy for more information.

Already a client or trialist? Log in to read this.