Investment outlook 2019: ChinaContributor Karen Ward
While fiscal stimulus in the US is fading, Beijing’s policymakers have put their feet firmly back on the accelerator to see off the impact of slowing exports. Local government bond issuance is now ramping up in a bid to fund domestic infrastructure projects.
The Chinese authorities face a difficult balancing act of maintaining the “quality over quantity” agenda and reducing excesses and leverage in pockets of the economy, but at the same time sustaining a sufficient level of growth to support employment. Easing measures will be targeted and of a smaller scale than in 2008, but we expect growth to remain supported in the region of 6%.
The Chinese authorities are back on the accelerator
Chinese local government bond issuance
Key themes for 2019
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