Insight
China economic focus October 2022: a bumpy road ahead for the economy
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
The recovery of the Chinese economy will be slower than expected for the remainder of 2022 and the first half of 2023. Domestic demand is depressed by weak consumer confidence and a sluggish property market. The zero-Covid policy will continue with no specific deadline, and the government is unlikely to issue strong stimulus to support the property market. At the same time, a global economic slowdown focused in North America and Europe will impact export orders from China.
Table of contents
- Highlights
- A more pessimistic outlook ahead.
- Covid restrictions beat consumer confidence
- Property slump continues
- Exports depressed by the global economic slowdown
- Appendix
Tables and charts
This report includes the following images and tables:
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Consumer confidence has not recovered since March lockdownRetail sales by sectors in SeptemberMarginal improvements in property sales and completions in September
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Export growth by destinationsExport value by productsWood Mackenzie’s proprietary China dataManufacturing PMIIP and retail salesTradeInflationPropertyInvestment
- 2 more item(s)...
What's included
This report contains:
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