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Every other week, we release 5 Minutes for Business, a publication written by Hendrik Brakel, our Senior Director of Economic, Financial and Tax Policy. In these publications, Hendrik briefly describes current issues that affect the Canadian economy and provides insight on what it will mean for Canadians today and the future. In this week’s edition, he examines China's economy and what it means for commodity prices.

When someone asks where commodity prices are headed, they’re really asking: what’s the outlook for China?

China’s economic growth is definitely slowing this year, but the real concern is that official estimates of China’s GDP growth are overestimated. Economists are scratching their heads and coming up with widely varying estimates. 

Combine this to a deflating real estate bubble where property prices in 70 Chinese cities have fallen for more than a year, and 60 million empty apartments await buyers, and the situation could be concerning.

Read this week’s 5 Minutes for Business to get our perspective on the issue, and what outcomes we expect to see.

For more information, please contact Hendrik Brakel.

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