Reforms/US-Canada-China/ Economic Gloom/Bike Crash/Stocks

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Economist, Centennial Asia Advisors

Jason Tan

Economist

Centennial Asia Advisors

At Centennial Asia Advisors, we tell it like it is. We have no vested interests, no need for a China wall, and no reason to skew our outlook any other way. With over 30 years experience covering Asia’s political economy, you can be sure our conclusions and analyses are based on the unadulterated facts. Through years of fine-tuning our research methodologies, we deliver a quality of macroeconomic analysis few other houses can match.

Centennial Asia Advisors is an independent research and advisory firm that works with governments, multilateral institutions, financial firms and leading MNCs.

Economic Policy and Strategic Advisors

Macroeconomics

<ul>
<li>High-frequency indicators such as the slowest factory output growth since 2008 and retail sales clocking its weakest growth ever show that the government’s stimulus measures have not been potent enough. And the worst is not over yet as external demand is likely to weaken while domestic spending is curtailed by ballooning debt.</li>
<li>The authorities will now pull out all the stops to prop up the economy, using credit easing, tax cuts and public spending on social housing and infrastructure – but all these come with risks to financial stability in the long term and the currency in the medium term.</li>
</ul>


High-frequency indicators such as the slowest factory output growth since 2008 and retail sales clocking its weakest growth ever show that the government’s stimulus measures have not been potent enough. And the worst is not over yet as external demand is likely to weaken while domestic spending is curtailed by ballooning debt.
The authorities will now pull out all the stops to prop up the economy, using credit easing, tax cuts and public spending on social housing and infrastructure – but all these come with risks to financial stability in the long term and the currency in the medium term.


China: Stimulus Not Gaining Enough Traction, More Aggressive Policy Likely