In a Chinese economy newsletter, Adam Roseman of ARC China discussed the country’s manufacturing growth. He explained that manufacturing slowed less than economists projected, though smaller businesses were hurt by limiting credit and the decreasing export demand.
“Growth has decelerated in the face of the global soft patch in export demand and the weight of tightening,” said David Cohen, an economist at Action Economics in Singapore. He continued, stating that the government “will be able to achieve a soft landing, tightening enough to prevent inflation from getting out of hand but at the same time allowing continued growth.”
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