Cazenove's Mui: Real impact of China's slowing economy

Trade tensions with US dragging growth

clock • 2 min read

China's economy is growing at its slowest pace in more than a decade, causing anxiety across financial markets and raising fresh questions about its ongoing trade disputes with the US.

The country's economic growth - as measured in Q2 2019 - slowed to 6.2% year-on-year. While this number may seem large in the context of developed economies, for China it represents the lowest recorded growth rate since the 1990s. From a structural perspective, the slowdown is not unexpected. It is part of a longer-term trend as China's economy transitions from being investment-driven to consumption-driven. Matthews Asia's Kong: Currency moves, global growth and policy changes That said, the latest data suggests trade tensions have been a drag. The slowdown was driven mostly by ...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Asia

EFG's Afzal and Gerlach: A letter from Hong Kong

EFG's Afzal and Gerlach: A letter from Hong Kong

On a recent visit to Hong Kong and Singapore we took the opportunity to meet with market strategists as well as private and public sector economists to better understand the economic problems China is facing given economic sentiment is in the doldrums....

Moz Afzal and Stefan Gerlach
clock 28 March 2024 • 4 min read
Aviva Investors' Wakefield: Is Japan's stock-market sugar rush sustainable?

Aviva Investors' Wakefield: Is Japan's stock-market sugar rush sustainable?

New regulations to 'improve competitiveness'

Baylee Wakefield
clock 14 March 2024 • 4 min read
 abrdn's Yeo and Kwik: Will the dragon soar in 2024 for China?

abrdn's Yeo and Kwik: Will the dragon soar in 2024 for China?

'Cause to be optimistic'

Elizabeth Kwik and Nicholas Yeo
clock 09 February 2024 • 4 min read
Trustpilot