Insight
China economic focus July 2021: slowing growth ahead
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
China’s economy will slow from the second half of 2021. Slower export growth, rising commodity prices, lacklustre infrastructure investment and expiring subsidies will all drag on GDP growth. Reserve requirement ratio (RRR) cut will ease credit risk. But it won’t be enough to stimulate activity in manufacturing sectors suffering a squeeze on margins and cash flow amid rising costs. Commodity demand across energy and metals sector will also slow. The pace of deceleration will differ by commodity. However, supply constraints and demand recovery outside China will continue to support global commodity prices.
Table of contents
- Highlights
- Why will China slow down?
- What is the impact on the commodity market?
- Key charts
Tables and charts
This report includes the following images and tables:
- China's exports by category
- Exports of key manufacturing countries
- Price index by sector, H1 2021
- Issuance of local government special purpose bonds
- Wood Mackenzie's proprietary China data
- Manufacturing PMI
- IP and retail sales
- Money supply (M2)
- Required reserve ratio
- Trade
- Inflation
- Property
- 1 more item(s)...
What's included
This report contains:
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