Is China deliberating crashing the global economy?

Thursday, 15 August 2019

As the Chinese economy buckles under the weight of the trade war, it’s time we ask a prickly question. Why are authorities NOT stimulating? That they need to is not in question. Growth is already at the bottom of its forecast range at 6.2%:

It is sliding away further as we speak as its industrial and consumer economies keep slowing:

The best leading indicator suggests further slowing ahead as well:

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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.