The conclusion of the Communist Party Plenum offered few clues on the direction of economic policy. Meanwhile, rising inflation is leading to suggestions that the PBOC won’t be able to loosen as much as needed to support growth. This is overdone. Unlike in episodes of stagflation elsewhere, the recent collapse in pork supply is not leading to broader price rises. Finally, China’s efforts to promote itself as a champion of globalisation may receive a boost over coming days if neighbouring countries move closer to an agreement on the RCEP, China’s preferred alternative to the TPP.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services