The R-CAT Stabilization Playbook

Our proprietary indicators of China’s economic activity show cyclical momentum stabilized starting in Q4 2018. In the very short term, this suggests the worst of the current slowdown is already behind us. However, that policy-driven stabilization is uneven: some sectors will support overall economic growth in the first half of 2019—with headline data boosted by base effects—and others will continue to present headwinds. In particular, energy, utilities, and infrastructure-related sectors look best positioned to benefit early this year.

Posted February 12, 2019
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