Nomura Economist: China's Export Engine Exposes Structural Economic Strains
5 days ago
- #GDP Growth
- #Economic Slowdown
- #China Economy
- China's GDP growth is expected to ease to around 4% due to deceleration in investment, consumption, and exports.
- Fixed-asset investment dropped 12.2% in October, marking a historically rare contraction.
- Retail sales growth slowed to 2.9% in October, with potential further slowing to near 2% in coming months.
- Exports declined 1.1% year-on-year in October, adding to economic pressures.
- The prolonged real estate slump and weak consumer demand are major drags on the economy.
- Reforms are needed to boost domestic demand and address low social security, which depresses consumption.