PIMCO: China has been a critical driver of global growth since the financial crisis

Livewire News


PIMCO: China has been a critical driver of global growth since the financial crisis. Slower growth in China means slower growth for the rest of the world. PIMCO predicts Chinese GDP growth to average 6%-7.5% annually for the next five years compared to historic rates of 9%. According to PIMCO, the massive expansion of credit in China has posed real risks to growth. To maintain sustainable GDP growth, China needs to shift from continued reliance on credit-fuelled investment towards household-led domestic demand. The longer the delay in making that transition, the greater the risks of financial stress. (VIEW LINK)

2 topics

Livewire News
Livewire News

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.


No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.


Please sign in to comment on this wire.