Insight
China: 2019 in review and outlook for 2020
Report summary
Despite unique challenges, China managed expectations in 2019. Trade tensions with the US, declining car sales, rising pork prices and unrest in Hong Kong marked the year. In response, China showed patience and commitment in many ways to steer the economy. China experienced near 6% economic growth, under 4% inflation and a relatively stable stock market and renminbi in 2019. In this insight, we review 2019 and discuss how last year’s events will shape commodity markets in 2020.
Table of contents
- Power and renewables: cost cuts and M&As become new emerging trends
- Gas and LNG: market shifts from supply tightness to delicate balance
- Oils and refining: weak demand growth to continue
- Electric vehicles: slower not lower
- Thermal coal: market begins switch to oversupply but mines safety remains a priority
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