The Conference Board China Economy Watch (Aug 2020 Data) | The Conference Board
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EXECUTIVE SUMMARY

The Conference Board China Economy Watch (Aug 2020 Data)
  • Impact of COVID-19 Crisis on the Chinese Economy – China’s continued success at preventing a second-wave COVID-19 outbreak sees Chinese consumers becoming gradually more confident. Spending on consumer services is beginning to pick up. Retail growth in August turned positive for the first time this year. On the supply side of the economy, Industrial Production growth has returned to pre-COVID levels.  

 

  • Investment Trends – Manufacturing investment is rising on the back of improving factory-gate pricing and corporate profitability. Credit data suggest growing demand for corporate financing. Intensifying real estate restrictions should see housing development investment slow. State-led infrastructure investment will continue to be used as a countercyclical policy tool for the foreseeable future.

 

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AUTHOR

YuanGao.jpg

Yuan Gao

Senior Economist, China Center for Economics and Business
The Conference Board

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