China View: Surging exports and resilient real estate investment continue to drive China's growth
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Economy Watch | China

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China View: Surging exports and resilient real estate investment continue to drive China's growth


May 31, 2021 | Report

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China's economic growth at present is essentially driven by export growth and real estate investment, period. Both drivers are likely to be resilient over the short term, basically ensuring that China’s Q2 GDP growth will be strong. However, both growth drivers are arguably unsustainable. Slumping consumption growth and weak manufacturing investment raise concerns about the longer-term picture. 


AUTHOR

YuanGao

Yuan Gao

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

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