China Moving Further Along Path to Maturity

Questions Loom over Slower Growth, Renminbi

As China ushers in the Year of the Snake, a time for attention to detail and incremental progress, the country is poised to move further down the path to economic maturity, raising questions over its currency, a changing labor market and other crucial issues into the next decade, CME Group Chief Economist Blu Putnam said.

"China's economic activity seems to be stabilizing at a healthy pace after a sustained period of deceleration, and its new leadership seems intent on making incremental progress in several policy areas, from currency normalization to health care improvements to pollution reform," Putnam wrote in a new report.

Previous decades' annual GDP growth in excess of 10% is now "fading into the past, not to return," and China's economic expansion probably will continue to moderate, Putnam said. China has "perhaps the rest of this decade to enjoy superior economic growth before its economy transitions to performance more typical of a developed, mature industrial country with slow labor force growth," he said.

Along with an outlook for diminishing returns to new capital investments and infrastructure projects, questions loom over "normalization" of the renminbi into a freely-traded, global currency and the potential for an expansion of government debt and an end to purchases of U.S. Treasuries, Putnam said.

Read Full Report

Futures & Options Trading

As the world's leading and most diverse derivatives marketplace, CME Group is where the world comes to manage risk. CME Group exchanges offer the widest range of global benchmark products across all major asset classes, including futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, metals, weather and real estate. CME Group brings buyers and sellers together through the CME Globex electronic trading platform and trading facilities in New York and Chicago. CME Group also operates CME Clearing, one of the largest central counterparty clearing services in the world, which provides clearing and settlement services for exchange-traded contracts, as well as for over-the-counter derivatives transactions through CME ClearPort.

Idea Exchange

Idea Exchange is your direct link to the product managers, marketers, and the development teams who create cmegroup.com and will allow you to review functionality, participate in focus and provide feedback on upcoming Web initiatives

Idea Exchange - Join Our User Focus Program

Contact Us

CME Group/Chicago HQ:
Local: +1 312 930 1000
Toll Free: +1 866 716 7274

Global Customer Contacts

More CME Group Direct Lines
Phone list by department

Global Partnerships

Global

Global Offices Contact Information

 
Calgary Houston Chicago New York Washington São Paulo Belfast London Singapore Hong Kong Seoul Tokyo Beijing

© 2014 CME Group Inc. All rights reserved.

CME Group is the world's leading and most diverse derivatives marketplace. The company is comprised of four Designated Contract Markets (DCMs). Further information on each exchange's rules and product listings can be found by clicking on the links to CME, CBOT, NYMEX, and COMEX.