Further comments by BOE governor Mark Carney

  • There are a variety of indications that Chinese growth momentum is slowing
  • Says that it will slow further in 2019
  • Latest Chinese trade data shows fairly sharp adjustment
  • Trade tensions with the US is leading to business caution
  • Says that he sees China annual GDP growth potentially slowing to high 5% levels
  • But expects growth to be in the low 6% levels this year
  • Chinese authorities have put in place significant stimulus
  • But those efforts may not pass through to the real economy

Is this a forum discussing about the Chinese economy or the UK economy? Hmm.