BLOG: China’s lock-step moves on credit, pollution threaten global economy

摘要

SINGAPORE (ICIS)--Click here to see the latest blog post on Asian Chemical Connections. China's renewed efforts to tackle excessive lending and pollution are closely linked as progress on deflating the 2016 credit bubble will also see progress towards cleaning- up the environment. This will lead to quite a sharp slowdown in GDP growth during the rest of this year which China is in a good position to weather because of strong growth in Q1. But globally, the implications could be more severe - including a decline in oil prices to below $30/bbl.