China market outlook

China's mini-cyclical slowdown will have a global impact

19 Jul 2017

China’s policymakers are highly resolved to keep monetary conditions in the country tight relative to the very loose policy conditions that were experienced from mid-2015 to the end of 2016. As a result, China is experiencing a mini-cyclical slowdown, which we believe may offer global opportunities.

This paper offers an overview of China’s economic backdrop and assesses the implications of recent reform policies and policy action.

  • Watch the China yield curve, leading indicator
  • Higher short term rates due to liquidity tightening
  • Higher government bonds yields are widening credit spreads
  • Credit creation matters today; China's driving it
  • When China spends, the world benefits
  • Will China deflate the global reflation?
  • RMB steady, but depreciating to the CFETS basket
  • Your global investment challenges answered

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