China: Slowing economic growth – BNP Paribas

According to analysts at BNP Paribas, China’s economic growth is slowing due to both structural and cyclical reasons as the export outlook is significantly darkened by US tariff hikes.

Key Quotes

“Private domestic demand should be affected by the knock-on effect of the worsening performance of the export manufacturing sector, the slowdown of retail sales and the continued moderation in the property market.”

“In order to contain the slowdown, the central bank is easing liquidity and credit conditions. At the same time, the reduction in financial instability risks via regulatory tightening should remain a top policy priority. Fiscal policy is also turning expansionary (tax cuts, increased infrastructure spending).”

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