The Conference Board uses cookies to improve our website, enhance your experience, and deliver relevant messages and offers about our products. Detailed information on the use of cookies on this site is provided in our cookie policy. For more information on how The Conference Board collects and uses personal data, please visit our privacy policy. By continuing to use this Site or by clicking "OK", you consent to the use of cookies. 
China Center Data Flash: Growth is stabilizing temporarily on better policy coordination

Data Flash is a brief interpretive summary of China’s official monthly economic data release.

China’s sequential economic growth looks to have continued stabilizing in May and June, but remains fragile enough that central authorities have recently put out a renewed call to localities to boost their efforts at maintaining economic growth, in part through better “budget efficiency,” which includes a speeding up of investment project approvals as first priority.

Additionally, a State Council meeting statement outlined its intention to support economic growth by injecting funds for “effective” infrastructure spending, such as upgrading power grids in rural areas, grain storage facilities, and water treatment facilities. Payments will also be made to relocate/renovate traditional industrial or mining areas. Unfortunately, the rhetorical emphasis on “efficiency” and “effectiveness” has yet to be put into practice and belies the fact that the authorities are essentially relying on the same old, investment-centric playbook to stabilize the economy.

Support Our Work

Support our nonpartisan, nonprofit research and insights which help leaders address societal challenges.

Donate

OTHER RELATED CONTENT

RESEARCH & INSIGHTS

WEBCASTS

COUNCILS

BLOGS

PRESS RELEASES & IN THE NEWS