China import growth to slow in 2018 after bumper 2017

After a bumper 12 months last year, the pace of China's import growth is set to slow

According to a recent Bloomberg survey of economists, inbound shipments from China will expand around five percent this year, after surging 14.9% during 2017. Slower infrastructure investment, tighter monetary policy, weaker commodity inflation, and high base effects have been cited as the reason for the growth slowdown.

The slowdown comes despite a good outlook for the world economy and trade this year – the International Monetary Fund (IMF) has projected that the global economy will grow 3.6 percent this year, and 3.7% during 2019.