China: No cause for panic

Michael Heise, chief economist of Allianz on the current situation in China.

 

The turmoil on stock exchanges is overdone and does not presage a slowdown in global growth. One thing is clear, the days of supercharged Chinese growth of 8 percent and more are over. The realignment of the Chinese growth model and the reduction of existing imbalances are no simple task. But the end of the credit-fueled investment boom will not cause the economy to crash. The Chinese government and the central bank still have sufficient leeway to prevent a nasty landing.

Michael Heise, Chief economist of Allianz.
Michael Heise, Chief economist of Allianz.

Forward Looking Statement disclaimer

As with all content published on this site, these statements are subject to our Forward Looking Statement disclaimer:

Disclaimer

More information

Press contact

Dr. Lorenz Weimann
​Allianz SE
Phone +49.69.24431-3737
Send email

More at allianz.com

Nov 14, 2018

The complexity of simplicity

read more

Nov 09, 2018

Allianz achieves operating profit of 3 bln euros in 3Q of 2018

read more

Financials | Oct 25, 2018

Allianz acquires first subsidy free solar project in Iberia

read more