Chinese economy slowing faster than expected – worst yet to come

© Feng Yu

Bad tidings loom for China, with its economy reportedly slowing far faster than expected. The South China Morning Post reports the situation is likely to spur Beijing into introducing new growth-supporting measures to avoid returning to its “battle-tested” strategy of large-scale monetary and fiscal stimulus. Even so, the news will be particularly concerning for an economy that has yet to experience the full force of its trade war with the US. And with October seeing the fifth successive month of contraction in terms of new export orders, the manufacturing sector is getting nervous.