China’s economy is benefiting from a favourable combination of strong demand at home but weak global demand for energy and low oil prices. As a result, the current account surplus has jumped to a five-year high and profits among industrial firms are growing at the fastest pace in over two years. This windfall from low oil prices should offer a tailwind to investment spending above and beyond the credit support provided by policymakers.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services