Support our nonpartisan, nonprofit research and insights that help leaders address societal challenges.
Donate
May data suggests weakening growth trajectory
- Authors:
-
Publication Date:
July 2018
The Conference Board’s Leading Economic Indicator (LEI) for China suggests strengthening growth in the near-term, mostly based on rising consumer confidence and strong industrial profit outlook. However, uneven component contributions to the headline reading warrant cautious interpretation.
Fixed Asset Investment (FAI) growth dropped to a record low in May. Economic policy is shifting toward supporting growth as opposed to supporting “de-risking”, but Beijing can’t abandon de-risking and braking credit growth altogether and, paired with the RMB devaluation pressure, it is unlikely that we will see major easing in the near-term.
- CREATE AN ACCOUNT SIGN IN
-
Only available to members. Become a member.