China braces for a slowdown

China looks on track for annual growth of about 6% this year, rather than the 6.7% widely expected.

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President Xi must walk a tightrope
(Image credit: 2017 Getty Images)

Investors "may be caught out by a slowdown in China" this year, says The Economist's Buttonwood blog. It is unlikely to be "anything dramatic", says Absolute Strategy Research's Ian Harnett and David Bowers, but China looks on track for annual growth of about 6% this year, rather than the 6.7% widely expected. That implies global growth of 3.3% rather than 3.5%. Higher interest rates and stricter lending rules will temper credit growth and activity. In October, house prices in Beijing and Shanghai were down year-on-year.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.