China Econ Survey: What’s the main factor to boost China’s economy
To get you a better view of how CHINA's economy is faring, Global Business surveyed economists across The greater CHINA region.
The economists and oTher experts ranked three main factors that will be important for CHINA in 2019. The trade war and truce between CHINA and The United States was at The top of The list. The second was The global economic performance while CHINA's local government's debt followed.
Meanwhile, The economists said Fed rate decisions and foreign capital flows were also important, though less than The top three.
Chinese yuan's rate in 2019 /Source: CGTN Global Business economists' survey
For The Chinese currency, about 54 percent of The participants estimated that The value of The Renminbi (RMB) would rise in 2019. One said that The RMB will remain stable against The U.S. dollar. However, The oTher economists expect The RMB to depreciate.
How about oTher CHINA-related assets this year?
More than 70 percent of The participants chose "rise" for The value of government bonds and stocks.
CHINA's government bonds in 2019 /Source: CGTN Global Business economists' survey
CHINA's stocks forecast in 2019 /Source: CGTN Global Business economists' survey
And only a quarter of Them expressed negative estimates on both assets, respectively. About four percent of The participants said that government bonds would remain stable in 2019.