RaboResearch - Economic Research

Economic Report

Outlook 2014 - China: balancing reforms and growth

After an ambitious start, China’s new leadership seems to have eased back on its reform drive. Maintaining a sufficiently strong growth rate is still the priority. For 2014, this implies only incremental reforms and a growth rate of around 7¼%.

Country Report

Country Report China

Growth in China is rebounding but, unfortunately, still driven by investment growth on the back of government stimulus and credit growth. The government thus still prioritizes on short-term growth, which makes implementing reforms a difficult task.

Economic Update

Emerging markets – US tapering has a big impact

US tapering is leading to portfolio outflows in emerging markets, especially in countries that are running both a current account and budget balance deficit.