In this “Deeper Dive” Gavyn Davies, Founder and Executive Chairman, and Andy Bevan, Partner and Economic Advisor, discuss the following:
- The third plenum sets out the policy direction for China for the next five years
- The Chinese economy is facing challenges in hitting its GDP growth target, with weak data in the service and retail sectors
- The industrial sector is performing well, but consumer spending is weak
- China has been a source of global deflationary pressure
- The threat of tariffs from the US and EU is a major concern for the Chinese economy
- The markets are waiting to see the details of any new policy initiatives
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