Friday, March 1, 2019
Amid Uncertain World Economic Climate, China Continues to Show Growth
Warren Lammert graduated with distinction from the London School of Economics and Political Science with an MS in economic history. He has since garnered substantial experience as a financial analyst and portfolio manager that has informed not only his leadership of Granite Point Capital as its CEO and chief investment officer, but also his insights into world economic patterns over time. Moreover, Warren Lammert speaks Chinese and maintains a particular interest in the economic history of China.
In January 2019, the International Monetary Fund held to its October 2018 projections for the continuing steady economic growth of China for 2019, even as it adjusted its overall forecast for global growth downward.
The IMF forecasts that China will grow its economy by more than 6 percent in 2019. Anticipated sustained consumer demand on the domestic side, as well as Chinese government policies designed to spur such demand, are leading factors supporting that conclusion.
Even so, such an optimistic projection comes after recent slower-than-usual performance. China’s overall industrial and export activity has moderated. This comes at a time of growing trade-related tensions, with the international trade pieces of the puzzle still unclear.
The CNBC news network reported in January 2019 that China’s economy grew by only 6.6 percent over the previous year, the slowest such pace on record for almost three decades, a finding anticipated by a range of economists.
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