China Economic and Policy Updates Q2 2017

Here are some highlights of the macro economic and policy updates:

  • Services and consumption continued to be notable drivers of economic growth while fixed asset investment growth continued to decline.
  • The International Monetary Fund (IMF) has upgraded its economic forecast for China to 6.7% and 6.4% for 2017 and 2018 respectively. This is the third time this year that the IMF has upgraded China’s economic forecast.
  • Chinese regulators have expressed concerns about overseas acquisitions by Chinese firms in certain sectors, underlining the government’s new drive to rein in offshore spending by some of the country’s biggest companies.
  • China’s ballooning debt, while a concern, is primarily domestic in nature. Yet, it is unlikely to lead to a financial crisis as the Chinese government has significant fiscal buffer to keep things under control.

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Published by

Felix Sutter

Felix Sutter

Felix Sutter
Birchstrasse 160
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+41 58 792 28 20

Felix Sutter is Partner and Head of Asia Business Group at PwC Switzerland and has been working for PwC since 1995. From 2005 to 2010 he was based in Beijing supporting Chinese clients in achieving compliance for national and and international regulatory standards. 2010 to 2012 he worked in Singapore and served mainly multinational clients developing Asian markets. Currently he is leading the Swiss Asia Business Group and is based in Zurich. Since October 2015 Felix Sutter serves as President of the Swiss Chinese Chamber of Commerce.