China Economics

China Activity Monitor

21 December, 2018

Year ending with growth slipping

Our China Activity Proxy (CAP) points to a slowdown to near 5% growth in November. The government Economic Work Conference just concluded with a pledge to increase fiscal support and hints that monetary policy will be loosened further too. But it will still take a while for this to have an impact. Our view is that growth is only likely to stabilise in mid-2019.

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