My Say: Risks in the Chinese economy
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China's economy has not rebounded as hoped; economic activity is lacklustre with weak consumer and business confidence at multi-year lows; real estate sector shows no signs of recovery; inflation is low, raising fears of a deflationary trap similar to Japan; economic forecasts have been downgraded; however, China is excelling in new competitive areas like electric vehicles and biomedical industries; domestic demand is weak, with retail sales growth at 2.7% year-on-year; industrial production growth at 5% but demand for goods remains low; new-home sales fell 26.8% year-on-year; producer prices down 1.8% year-on-year; former central bank governor Yi Gang calls for quicker policy responses; macro leverage ratio at 294.8%; export growth at 8.7% in August; potential for policy shift due to deflationary risks and trade tensions; need for aggressive stimulus measures to prevent financial instability.

#China #Economy #Deflation #RealEstate #Exports #Policy #Inflation #EconomicGrowth #FinancialStability #ConsumerConfidence

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