The China Economic Quarterly is a market outlook prepared by PwC China and Hong Kong on a quarterly basis to share the latest economic and policy updates. This issue provides an overview of the macroeconomic trends in Q4 2018, some policy updates and hot topic analysis.
Here are some highlights of the Q4 updates:
Developing high-quality manufacturing, expanding the domestic market and all-round opening up and reforms in various fields are the top priorities for China in 2019
The annual Central Economic Work Conference is the most important economic meeting of the year aside from the “Two Sessions". At this meeting, the top leaders regularly conclude the year and then map out the major economic issues of the next 12 months. The following are the key takeaways from the December 2018 meeting from a business perspective.
China will speed up infrastructure investment in 2019
As mentioned earlier, while infrastructure investment accounted for about 22% of total fixed asset investment in 2018, investment in this sector was weak and only increased 3.8% during the year. Compared to total fixed asset investment growth of 5.9% in 2018, there is room for infrastructure investment to pick up.
Will sports be one of new bright spots for China’s economy in 2019?
Our earlier analysis shows a slowdown in China’s economy in 2019 is very likely to happen. Slower GDP growth will have big impact on many industries and sectors. While China’s economy is still in transition from being investment and export-oriented to consumption and perhaps also import-driven, some industries are expected to trend downwards and others upwards. So, what are the new bright spots for China’s economy in 2019?
Mainland China and Hong Kong Markets Leader, PwC China
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China Central Markets Leader and China and Hong Kong Entrepreneurial and Private Business Co-Leader, PwC China
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Strategy and Innovation Leader, PwC China
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G. Bin Zhao
Senior Economist, PwC China
Tel: + (21) 2323 3681