Slowdown in Chinese economy unlikely to affect investments in Jamaica, says financial analyst
Financial Analyst, Ralston Hyman, says he does not foresee any scaling down of economic activity by Chinese investors in Jamaica as a result of a slowdown in the Chinese economy.
Hyman says the Chinese economy has been decelerating in the last few months as the country’s economy has been growing slower than expected.
The financial analyst says this has continued despite interventions by the government.
However, he says despite the slowdown, he does not expect that Chinese investors in Jamaica and in other countries will cut back on investing and growing their business interests.
Hyman says the Chinese government and Chinese investors will seek to do all they can to put that country’s economy back on a positive growth path.
Hyman says, from a wider perspective, it is expected that the slowdown in the Chinese economy will affect the global economy.
Noting that China is the world’s second largest economy and that it is a major purchaser of commodities, the financial analyst says the issues affecting China is likely to affect countries that do heavy business with that economy.
He says it is important that Jamaica seeks to redouble its effort to expand economic activities with the United States, which Hyman says is in a more stable position economically.
He says Jamaica should be moving to boost exports to the US.