PBoC Governor Yi: China's economy is basically driven by domestic demand

Market news

1 July 2019

PBoC Governor Yi: China's economy is basically driven by domestic demand

Shrinking labour market supply is one factor in slower growth
Increasing environmental standards also hurting growth
China labour supply peaked in 2010-2011
China growth rate is right around 6%
Growth rate will moderate as economy grows
Current account surplus to stay below 1% of GDP
Consumption is now 2/3 of growth
China still has plenty of savings

Before the bell: S&P futures +1.17%, NASDAQ futures +1.81%

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