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.