China’s stimulus starts to fade

Thursday, 5 May 2016

The private economy is slowing and the recent spike in investment is coming from SOEs and local governments. The State Council has noticed and has sent out investigation teams (dubbed a “rare signal” by the media) to find why private investment has slumped.

This isn’t a mystery though.

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About the author

David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.