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Sunday Papers

The Sunday Paper – China’s Economic Outlook in Six Charts (from the IMF Annual Review)

The IMF (who work closely with the planners and whose opinion is therefore especially of note) produce an annual report on China’s economic progress and the latest edition came out August 9th.

There’s a six chart summary and that’s linked to at the bottom of this note. The link will also lead to the 51-page report which is perhaps the most upbeat I’ve seen.

For the merely curious here are the six key points:

  1. Debt is under control
  2. More opening up, especially in services would lead to a GDP boost
  3. External lending (Belt and Road etc.) could be done better
  4. The current account balance is no longer (too high) out of whack
  5. Household debt has grown, a lot, and needs closely watching
  6. SOEs remain greedy borrowers. More marketization would be good

Charts on the last two points are below.

If these two issues are all China has to vex about this is a pretty clean bill of health.

Hardly a disaster…
OK, this really needs to go into reverse now.

More charts and the full report via the link China’s Economic Outlook.

Happy Sunday.

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