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China economic focus July 2024: takeaways from the third plenum
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
In the July China economic focus, we discuss the key macroeconomic and commodity market takeaways from the Third Plenum. China will focus on developing the “new quality productive forces,” the high-tech industries that the government believes could become its new growth engines. To achieve this goal, the country will set up new systems across government and state-owned enterprises. Addressing existing issues hindering economic growth will take time. These issues include sluggish private investment, consumption, local government debt sustainability and property recession. Meanwhile, decarbonisation and supply security will remain the focus of the natural resources sector.
Table of contents
- Executive summary
- New forces take priority in policy
- Existing problems get less attention
- The natural resources sector sees little surprises
- Appendix
Tables and charts
This report includes the following images and tables:
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Size of the new forces vs the old growth enginesPrivate investment losing share in China’s total investmentBreakdown of tax revenue
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Central governments’ share of tax revenueWood Mackenzie's proprietary China dataManufacturing PMIIndustrial production and retail salesTradeInflationPropertyInvestmentMoney supply (M2)
- 1 more item(s)...
What's included
This report contains:
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