What to expect from China’s economy in 2020: a solid first half followed by a loss of steam

//What to expect from China’s economy in 2020: a solid first half followed by a loss of steam

What to expect from China’s economy in 2020: a solid first half followed by a loss of steam

Global markets got off to a positive start in 2020, with risky assets hitting new highs. Two macro factors contributed to this strength: tentative signs of the global economy bottoming out and the US-China “phase one” trade deal helping to remove risks. Let’s examine both developments in the context of China. First, the latest gross domestic product data showed that the Chinese economy stabilised at 6 per cent in the fourth quarter of 2019, arresting the persistent growth deceleration of the…

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By | 2020-01-29T22:00:12+00:00 January 29th, 2020|Business|Comments Off on What to expect from China’s economy in 2020: a solid first half followed by a loss of steam