China's Export Boom Will Not Be There to Prop Up Growth This Year

The property slowdown is still very much with us, and there are increasing signs that the authorities are worried. It's unlikely china would be able to repeat the kind of export boom it enjoyed last year. So where does that leave policy makers that haw halgan try to sort of get things back on an even keel? In her's ben, a very interesting switch in the official rhetoric. They were sounding really quite tough and hawkish around the middle of last year, especially on property. Now they've said that the priority has to be stability,. which means reviving growth and reviving confidence.