What new norm of slower Chinese growth could mean for the global economy
PUBLISHED TUE, JUL 25 20231:24 AM EDTUPDATED 5 HOURS AGOElliot Smith@ELLIOTSMITHCNBC
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KEY POINTS
- The Chinese government is ramping up a host of measures aimed at boosting the economy, with a key Politburo meeting scheduled later this week to review the country’s first-half performance.
- The most immediate spillover of a Chinese slowdown will likely come in commodities and the industrial cycle, said Rory Green, chief China economist at TS Lombard.
- Beyond the immediate loss of demand for commodities, Green said China’s recalibration of its key sectors drivers will also have “second order impacts” for the global economy.