David Brown- says as the German economic spring appears to be winding down, and with Europe expected to have a hard landing, China should be looking less to exports.
With a market of 740 million consumers, Europe is an important destination for Chinese exports. A downturn in European demand for China’s goods could be bad timing for Beijing in the midst of its deepening trade war with America. The prospect of slower world trade, weaker global economic activity and the shadow descending over international equity markets compound the problem. Beijing needs a bold reflation plan to help soften the external blow while boosting the domestic economy. No time like the present to get those policy changes into gear.
https://www.scmp.com/author/david-brown
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