China: Slowing economic growth – BNP Paribas
|According to analysts at BNP Paribas, China’s economic growth continues to slow, with an export outlook severely darkened by US tariff hikes.
Key Quotes
“The central bank is easing liquidity and credit conditions, though the reduction in financial-instability risks via regulatory tightening should remain a priority. Fiscal policy has also turned expansionary through increased infrastructure spending and a rising number of household/corporate tax cuts.”
“In the short term, private domestic demand should be affected by the knock-on effect of weakening exports and the continued moderation in the property market. Fiscal measures should support consumer spending.”
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