{"id":40104,"date":"2018-11-03T11:07:57","date_gmt":"2018-11-03T16:07:57","guid":{"rendered":"http:\/\/olduvai.ca\/?p=40104"},"modified":"2018-11-03T11:07:57","modified_gmt":"2018-11-03T16:07:57","slug":"chinas-senior-leadership-prepares-for-economic-collision-in-spring-2019","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=40104","title":{"rendered":"China&#8217;s Senior Leadership Prepares For Economic Collision In Spring 2019"},"content":{"rendered":"<div id=\"block-zerohedge-page-title\" class=\"block block-core block-page-title-block\">\n<h3 class=\"page-title\"><a href=\"https:\/\/www.zerohedge.com\/news\/2018-11-01\/chinas-senior-leadership-prepares-economic-collision-spring-2019\"><span class=\"field field--name-title field--type-string field--label-hidden\">China&#8217;s Senior Leadership Prepares For Economic Collision In Spring 2019<\/span><\/a><\/h3>\n<\/div>\n<div id=\"block-zerohedge-content\" class=\"block block-system block-system-main-block\">\n<article class=\"node node--type-article node--view-mode-full\" role=\"article\" data-gtm-vis-recent-on-screen-2077925_22=\"2114\" data-gtm-vis-first-on-screen-2077925_22=\"2114\" data-gtm-vis-total-visible-time-2077925_22=\"100\" data-gtm-vis-has-fired-2077925_22=\"1\">\n<footer class=\"node__meta\">\n<div class=\"submission-wrapper\"><\/div>\n<\/footer>\n<div class=\"node__content\">\n<div class=\"clearfix text-formatted field field--name-body field--type-text-with-summary field--label-hidden field__item\">\n<p>China&#8217;s senior leadership has just signaled for more stimulus, as its economy and stock market prepares for a possible economic collision in early 2019 from the trade war with the United States.<\/p>\n<p>The Communist Party\u2019s Politburo, a group of 25 people who oversee the Communist Party of China headed by President Xi Jinping, finally admitted on Wednesday that there was &#8220;growing downward pressure&#8221; on the economy with &#8220;profound changes&#8221; in the economic environment, Xinhua news agency reported.<\/p>\n<p><a data-image-external-href=\"\" data-link-option=\"1\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/sad%20investors.jpg\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/sad%20investors.jpg?itok=KLj9VPIB 1x\" alt=\"\" width=\"500\" height=\"334\" data-entity-type=\"file\" data-entity-uuid=\"bd438caa-8a66-4416-9728-cb5c8892e073\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>This statement from the communist party was a massive shift from three months ago when the Politburo said there had been \u201cnoticeable\u201d changes in the economic environment, reported the <a href=\"https:\/\/www.scmp.com\/economy\/china-economy\/article\/2171086\/chinas-top-leaders-prepare-worse-economy-takes-hits-us-trade\">South China Morning Post<\/a>.<\/p>\n<p>It is the first time the leadership has shown public concern about China&#8217;s rapidly slowing economy since the trade war began earlier this year.<\/p>\n<p><a data-image-external-href=\"\" data-link-option=\"1\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/RTRS%20China%20slowing.png\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/RTRS%20China%20slowing.png?itok=WZNRLAsD 1x\" alt=\"\" width=\"500\" height=\"377\" data-entity-type=\"file\" data-entity-uuid=\"93ade471-39f7-4e72-97a2-b83ebb874fd2\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>Calls for more stimulus came after disappointing economic data showed the country is headed for turmoil next year. The purchasing manager report showed widespread deterioration across the country could spill over into the rest of the world.<\/p>\n<p>The Politburo said there were \u201ca lot of difficulties with certain enterprises and the emergence of risks accumulated over long periods of time.\u201d<\/p>\n<blockquote><p>\u201cWe need to attach great importance to this situation and be more forward-looking to respond in a timely manner,\u201d the statement said.<\/p>\n<p>\u201cWe have to enhance reform and opening up to focus on core problems with targeted solutions &#8230; We must get our own things done and firmly seek high-quality growth.&#8221;<\/p><\/blockquote>\n<p>Officials have already tried a handful accommodative policies, ranging from tax cuts to regulatory support, rather than loading up the ole&#8217; fiscal cannon as seen in prior slowdowns. <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2018-10-31\/timely-measures-needed-to-counter-slowdown-china-politburo-says\">Bloomberg<\/a> notes that investors seem unpersuaded by the drip-feed approach with the yuan near decade lows and regional stock markets in correction territories to soon bear markets.<\/p>\n<p><a data-image-external-href=\"\" data-link-option=\"1\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/inline-images\/deval%20china%202.png\" srcset=\"https:\/\/www.zerohedge.com\/sites\/default\/files\/styles\/inline_image_desktop\/public\/inline-images\/deval%20china%202.png?itok=IPA2nxLJ 1x\" alt=\"\" width=\"500\" height=\"374\" data-entity-type=\"file\" data-entity-uuid=\"8777a4ef-43a8-457c-b1db-4b7d53a97b6e\" data-responsive-image-style=\"inline_images\" \/><\/a><\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/article>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>China&#8217;s Senior Leadership Prepares For Economic Collision In Spring 2019 China&#8217;s senior leadership has just signaled for more stimulus, as its economy and stock market prepares for a possible economic collision in early 2019 from the trade war with the United States. The Communist Party\u2019s Politburo, a group of 25 people who oversee the Communist [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2],"tags":[21635,130,22763,535,15730,827,6392,4318],"class_list":["post-40104","post","type-post","status-publish","format-standard","hentry","category-economics","tag-21635","tag-china","tag-communist-party-of-china","tag-monetary-stimulus","tag-south-china-morning-post","tag-united-states","tag-xi-jinping","tag-zerohedge"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40104","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=40104"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40104\/revisions"}],"predecessor-version":[{"id":40105,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/40104\/revisions\/40105"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=40104"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=40104"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=40104"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}