Notes from Beijing

CHINA ADVISORY - Report 30 Aug 2019 by Andrew Collier

After several days attending meetings in Beijing among senior officials, along with Chinese and western journalists, the top areas of concern are the Hong Kong protests, the slowing economy, and in last place, the Trade War. De-risking the financial system remains a top priority, despite pressure from the Trade War. However, the consensus is there is not going to be a significant stimulus, although there won’t be deleveraging as credit continues to grow at or slightly above nominal GDP.

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