AEIR 2019/2020

People’s Republic of China

Economic growth slowed to 6.6% in 2018 in line with the government’s 6.5% target. Consumption remained the main driver of growth, supported by a rapid increase in government social spending, a cut in personal income tax rates, and solid growth in household disposable income. Despite trade tensions, external trade expanded in 2018 due to frontloaded orders mid-year. FDI inflows increased by 21.0% on more attractive investment conditions, while FDI outflows declined due to tighter controls. Growth is expected to decline to 6.3% in 2019 and 6.1% in 2020 as the government continues to contain financial sector risk.

Source: Asian Development Outlook 2019, ADB.
Latest Month-Ago Year-Ago
Composite Stock Price Index 1 2.0 (Oct19)2.0 2.0
Broad Money Growth 2 8.4 (Sep19)8.4 8.2
Headline Inflation Rate 3 3.0 (Sep19)2.8 2.5
Industrial/ Manufacturing Production Growth Rate 3 5.8 (Sep19)4.4 5.8
Merchandise Export Growth 3 -3.2 (Sep19)-3.2 -1.0
Exchange Rate Index 4 88.0 (Oct19)88.3 85.8
1 Monthly average, local index.
2 %.
3 y-o-y, %.
4 Monthly average, January 2006 = 100, $/local currency.
Source: Bloomberg LP; CEIC database; CEIC Database.

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