David Osman of IRF is joined by Dinny McMahon, the Head of China Markets Research at Trivium China.

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In this podcast, Dinny McMahon assesses China’s economic policies and the underlying state of the economy, including the ongoing deep-rooted problems in the property sector. Dinny then discusses the extent to which China might continue to fail to achieve its objective of a consumption-led growth model in the next few years. He questions the appropriateness of China’s fiscal policy and monetary stance, given the extent to which the economy has been flirting with deflation for the past three years.

Dinny also reviews the progress that China has made with respect to the internationalization of the renminbi, as the dollar loses some of its global status. In addition, he notes the improving performance of Chinese equities since the lows in 2024 and discusses the various factors that are making the mainland stock market more attractive to investors. He concludes with a discussion of China’s main objectives for the period of the next 5-Year Plan.

Before joining Trivium China in 2020, Dinny McMahon was a Fellow at Marco Polo, a China-focused think-tank. Dinny is also a Global Fellow at the Woodrow Wilson International Center for Scholars and an Economic Advisor at ShoreVest Partners. He is a former Banking & Financial Markets Analyst at Enodo Economics and a former journalist who was based in China for many years for the Wall Street Journal and Dow Jones Newswires. In addition, Dinny is the author of ‘China’s Great Wall of Debt’, which was published in 2018.

Trivium China’s policy research team produce readable, primary source-driven analysis on China's political economy. Trivium takes a unique approach to China analysis, combining deep expertise, primary-source research and on-the-ground China experience. Their mission is to ensure their readers never miss a critical policy development.