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15.04.2019 21:15

China’s economic growth continues to slow - BNP Paribas

Analysts at BNP Paribas note that China’s economic growth continues to slow, with an export outlook severely darkened by the U.S. tariff increases.

  • “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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