- We expect the Chinese economy to experience a solid year of growth. The IMF is currently forecasting 7.9% real GDP growth in 2021 - well above trend growth.
- On the other hand, we continue to think that monetary policy is going to become less accommodative.
- On an international level, while risks around China's relationship with the U.S. remain, our baseline expectation for now is that tensions between the two nations should ease a little bit this year - which should be a positive.
For further details see:
Are Recent High-Profile Bond Defaults A Threat To China's Outlook?