Semi-annual report: H2 2019

China-Canada Investment Tracker semi-annual report

28 May 2020

In 2019, China faced many challenges but pressed on towards its long-term economic goals. Political tensions rose not only with the United States, but also with Canada, Australia, and European countries as governments planned the rollout of 5G and deliberated on whether or not to include Chinese telecoms suppliers in constructing their networks. Regional economic disparities also increased in China, with some industrial regions stagnating. Manufacturing and industrial profits fell throughout 2019, but did see a small uptick in December. However, GDP growth remained within the 6-6.5% target range, and the government continued to pursue its debt de-risking campaign, signaling optimism regarding China’s long-term economic prospects. China also resumed pork and soybean imports from the US in December, leading to a slight trade rebound between the two countries.

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