China: Uncertain outlook - NAB

In opinion of Gerard Burg, senior economist at NAB, for Chinese economy, the prospects for the Year of the Pig appear a little weaker than last year – and as a result, near the weakest for almost three decades.

Key Quotes

“The outlook for China’s growth is also as uncertain as it has been over this period and a range of risks could see China’s growth slow more sharply than otherwise expected.”

“Official data suggests that China’s economy grew by 6.6% in 2018 – the slowest rate of growth since 1990.”

“At a high level, growth is becoming harder to come by, as China has closed technology gaps to advanced economies, lost low cost manufacturing competitiveness with other emerging market economies and faces growing constraints – from trade to credit and demographics.”

“The key uncertainty around China’s economy remains its trade dispute with the United States.”