Examining Chinese Outlook in Global Context

ECRI
December 03, 2008

(ECRI) - China’s rapid economic growth has aided its emergence as a global economic powerhouse. However, after five years of double-digit growth in GDP, economic growth in China is clearly decelerating. Despite major fiscal and monetary stimulus, which is likely to take some time to boost the economy, Chinese economic growth is set to slow in the short term. Looking further ahead, it is more instructive to examine ECRI’s leading indexes for China, which are specifically designed to anticipate the cyclical timing of economic upturns and downturns for China.

While the global economy is experiencing the worst recession since the early 1980s, as the U.S., Europe and Japan go into recessions, the question is whether China can pull the global economy out of this downturn. The latest updates to ECRI’s Chinese leading indexes provide crucial insights into the outlook for Chinese economic growth and its implications for the major developed economies as well as its neighbors in the Asia-Pacific region.

This information is excerpted from a full report issued on November 26, 2008 to Professional members. For information on how to receive ECRI's professional services click this link.