China’s economy is benefiting from a favourable combination of strong demand at home but weak global demand for energy and low oil prices. As a result, the current account surplus has jumped to a five-year high and profits among industrial firms are growing at the fastest pace in over two years. This windfall from low oil prices should offer a tailwind to investment spending above and beyond the credit support provided by policymakers.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.