Our China Chart Pack has been updated with the latest data and our analysis of recent developments.
China’s economy is expanding at a decent pace, with the manufacturing sector a key source of strength. The country has been increasing its global export market share, and it is unlikely that Biden’s new tariffs will do much to erode recent gains. A step-up in fiscal support and new policies aimed at reducing the stock of unsold housing may help to shore up activity in the near-term. However, this won’t prevent the construction sector from dragging on growth over the longer-run once policy support fades.
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