China’s output fall is no cause for concern

Socio Economic Research Centre executive director Lee Heng Guie(filepic) said in a written comment to StarBiz that policymakers needed to be forward-looking and responsive to enhance growth prospects

THE fall in China’s manufacturing data from a five-year high is not a cause for concern; instead, its priorities on pollution control have brought about other benefits.

“The impact is minor as the Chinese economy is expected to remain strong. Actually, most hard commodity prices have significantly benefited from China’s urban blue skies programme,” according to UOBKayhian head of research Vincent Khoo.