LNU’s China Panel No 24 – December 22, 2017 – “Satisfactory numbers from China”

23:54 by Hubert Fromlet, Kalmar

Summary

In the beginning of December, Linnaeus University prepared its traditional winter survey on the business climate and economic conditions in China, both with shorter and longer time perspectives. The independent responding China experts – around 15 of them – come from Asia, the U.S. and Europa – thanks a lot!

“Satisfactory numbers from China”

¤  LNU’s “Temperature Indicator” for GDP growth remained quite stable at 6.1 this December compared to 6.4 in May 2017 (10 means very hot on the scale) – still satisfactory despite the small decrease.

¤  The panel expects Chinese GDP growth to come in at 6.2 percent in 2018 as a whole and at – somewhat slower – 6 percent in q4 2018. But also this latter number would still be acceptable inside and outside China.

¤  The forecasts of the panel have rather a downward than an upward bias.

¤  There are very divided views on the course of the currency RMB in 2018.

¤   GDP growth is seen at 5.6 percent on average until 2022 (five years from now).

Please click the picture to zooom.

Download and read the full article here, ChinaPanelSurveyDecember2017

 

Hubert Fromlet
Affiliate Professor at the School of Business and Economics, Linnaeus University
Editorial board

 

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