Insight
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 13 images and tables including:
- Size of the new forces vs the old growth engines
- Private investment losing share in China’s total investment
- Breakdown of tax revenue
- Central governments’ share of tax revenue
- Wood Mackenzie's proprietary China data
- Manufacturing PMI
- Industrial production and retail sales
- Trade
- Inflation
- Property
- Investment
- Money supply (M2)
- Required reserve ratio
What's included
This report contains:
Other reports you may be interested in
Insight
China economic focus August 2024: countering declining population
Falling population slows economic growth in China.
$950
Commodity Market Report
Global iron ore short-term outlook August 2024
Iron ore falls to its lowest level in nearly two years, dragged down by a weakening steel market
$5,000
Commodity Market Report
China coal short-term outlook July 2024
Quiet market disturbed by unfavourable signs
$5,000
