Report
What is slowing the Chinese economy?
China’s growth is very clearly slowing. What can this be attributed to? Not to monetary conditions, which remain highly accommodating; Not to fiscal policy, which is expansionary; Not to overindebtedness , as credit is growing rapidly; Not to a slowdown in real wages; Not to a slowdown in productivity; Not to a deterioration in cost competitiveness; Not to a slowdown in global trade. If China’s economic slowdown does not have a macroeconomic cause, then the only remaining explanation is a loss of confidence in the future among companies and households.
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Natixis
Based across the world’s leading financial centers, Natixis CIB Research offers an integrated view of the markets. The team provides support to inform Natixis clients’ investment and hedging decisions across all asset classes.
Patrick Artus
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