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Imbalances in China: is growth in peril from a housing market downturn?

Author

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  • Nielsen, Thomas

Abstract

The Chinese economy has recently been playing a key role in the global economic recovery. Recording growth rates of more than 6.5% over the past five years, China has contributed on average one-third of total global growth. It has also become one of the euro area's largest trading partners, accounting for almost 7% of total extra-euro area exports. While the world economy has benefited from China's economic strength and growing importance, a downturn would also have large repercussions for global activity. In fact, imbalances in China have been identified as a key external downside risk to the euro area and world economy. One catalyst for such a risk materialising could be the housing market. JEL Classification: C01, E00

Suggested Citation

  • Nielsen, Thomas, 2018. "Imbalances in China: is growth in peril from a housing market downturn?," Economic Bulletin Boxes, European Central Bank, vol. 5.
    • Handle: RePEc:ecb:ecbbox:2018:0005:1
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    More about this item

    Keywords

    China; housing market; imbalances;
    All these keywords.

    JEL classification:

    • C01 - Mathematical and Quantitative Methods - - General - - - Econometrics
    • E00 - Macroeconomics and Monetary Economics - - General - - - General

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