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China GDP to slow, will become inflation exporter, money managers say -Breaking

by Mike Robinson

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© Reuters. FILE PHOTO – People stroll along the financial district in Lujiazui, Shanghai, China. October 15, 2021. REUTERS/Aly Song

LONDON (Reuters – China has been widely regarded as an exporter deflation over the past 20 years and is expected to lead to higher inflation, Neuberger Berman’s chief investment officer stated on Monday.

Eric Knutzen said at the annual Reuters Investment Outlook Summit that the common prosperity drive could be another factor in inflation. He was referring to Chinese authorities’ attempts to build a more egalitarian society.

Standard Chartered Bank CIO Steve Brice stated to the same group that he did not expect Chinese economic growth next year. However, it was growing at around 5%.

He said, “China will not come out with wholesale stimulative.”

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