Asia Calling: China's Great Rebalancing - Why the Consensus Is Wrong

Global Macro Strategy

Callum Henderson

Macroeconomics

<p>Ahead of the National People's Congress (NPC), the National Development and Reform Commission (NDRC) released its eagerly-awaited work report on the economy. Digging through the details, there are no major shocks from this report, which - as you would expect - is exactly in line with the focus of the 19th Party Congress. That said, this report does represent an important shift in emphasis, with important implications for those countries that trade with China.</p><p>The bottom line is that China is…</p>

Ahead of the National People's Congress (NPC), the National Development and Reform Commission (NDRC) released its eagerly-awaited work report on the economy. Digging through the details, there are no major shocks from this report, which - as you would expect - is exactly in line with the focus of the 19th Party Congress. That said, this report does represent an important shift in emphasis, with important implications for those countries that trade with China.The bottom line is that China is…

China: Less Is More - But Not Necessarily for the Rest of Asia