- Analytics
- News and Tools
- Market News
- The outlook on Chinese growth still looks fragile – UOB
The outlook on Chinese growth still looks fragile – UOB
Economist Ho Woei Chen at UOB Group evaluated the recent PMI releases in China and the outlook on the economic activity.
“China’s official PMIs for October showed further signs of weakness in both the manufacturing and non-manufacturing sectors. The US and China still face significant challenges in addressing bilateral trade concerns but there are enough positive developments to point to the likely success of a “Phase 1” trade deal. The cancellation of the 16-17 November APEC summit may lead to some delays but the interim agreement is expected to be signed before 15 December when the US is scheduled to implement new additional tariffs of 15% on approximately US$160 of Chinese goods. The cancellation of these new additional tariffs will help to further de-escalate the trade tensions. Looking ahead, China’s manufacturing outlook is dependent on the sustainability of the US-China trade truce and prospect of an eventual trade agreement. As there remains significant uncertainties, China’s growth outlook may stay weak into 2020 should existing tariffs stay in force. China’s economy expanded by 6.2% y/y in the first three quarters of 2019. For now, we maintain our growth forecast for China to expand 6.1% in 2019 (4Q19f: 6.0%) and 5.9% in 2020”.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
