If Nomura\u2019s economists are right, and China GDP growth doesn\u2019t decelerate next year, then we would expect a corresponding lift in player sentiment,\u201d said the brokerage house.<\/p><\/blockquote>\n
The research firm believes Macau GGR can increase one percent to three percent next year.<\/p>\n
Beijing Efforts<\/h2>\n
China’s economic output is currently equivalent to about $13 trillion. But amid the trade war with the US, import growth has been sluggish this year, weighing on growth.<\/p>\n
\u201cChina\u2019s import growth has stalled this year amid the broader slowdown in the economy, helping to widen the trade surplus,\u201d according to Bloomberg<\/i>. \u201cAs part of the phase one trade deal agreed with the US this month, the nation has committed to ramping up purchases from there by as much as $200 billion over the next two years.\u201d<\/strong><\/p>\nIn recent years, Beijing has been proactive in reducing the economy’s dependence on exports and has worked to bolster domestic consumption. Those efforts could pay off in the form of more visits to Macau in 2020, as long as the six percent GDP growth mark holds.<\/p>\n","protected":false},"excerpt":{"rendered":"
Macau’s six concessionaires are ready for the calendar to turn to 2020, as this year has been a rough one on the peninsula due in part to fears that the Chinese economy is slowing. Analysts believe that if China’s growth steadies next year, sentiment should improve for gaming operators. Policymakers in Beijing are working to […]<\/p>\n","protected":false},"author":46,"featured_media":123153,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[69069,62],"tags":[],"acf":[],"yoast_head":"\n
Next Year Could be Better for Macau if China GDP Stays Above 6%<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n