Economic key themes of China and India for 2025
Increased uncertainty about trade disruptions and the policy mix shape the outlook for 2025 globally. China will likely be at the centre of a possible escalation of the trade war that already started during Trump’s first term. Domestically, China also faces lingering deflationary risks. Authorities have launched short-term policy stimulus, but demand-side reforms like improving social security nets are still lagging.
India, meanwhile, with its largely domestically focused economy will likely be less impacted by the new US administration’s fiscal and trade policies. Key to watch will be how strong private consumption demand will grow against a backdrop of structurally weak labour markets.
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Alexandra Hermann
Lead Economist, Asia Macro
+44 (0) 203 910 8042
Alexandra Hermann
Lead Economist, Asia Macro
London, United Kingdom
Alexandra is a Lead Economist on the Industry team where she is responsible for sectoral forecasts for the chemicals and pharmaceuticals industry and helps develop the team’s view on the global industrial outlook. She has also supported macroeconomic consulting projects such as developing scenario analyses for Accenture. Her role also involves contributing to bespoke industry consulting projects across a range of sectors such as chemicals, machinery, and energy.
Prior to joining Oxford Economics, Alexandra worked as an economic consultant for Cornerstone Research for over two years. At Cornerstone Research, she was involved in conducting qualitative research and quantitative analyses to support expert testimony in high-stakes litigation cases across a variety of sectors including energy, pharmaceuticals, and financial markets. Alexandra holds an MPhil in Economics from Oxford University and a BSc in Economics from the University of Mannheim. Alexandra is fluent in English and German.
Betty Wang
Lead Economist
Betty Wang
Lead Economist
Singapore
Betty joined Oxford Economics in January 2024 as Lead Economist covering mainland China, Taiwan and South Korea, based in Singapore.
Before she moved to Oxford Economics, Betty worked as Senior China Economist at Australia and New Zealand Banking Group Ltd, based in Hong Kong. Her research coverage focuses on tracking China’s economic drivers including the property market, industrial policies, structural reforms and economic policy. In addition to her Greater China coverage, Betty also expanded her research reach to the ESG area, leading the team to win the best ESG research in Australia. Betty started her career at Standard Chartered Bank in 2008 and worked as Northeast Asia Economist until 2016.
Betty has published thematic research reports and data commentaries regularly and garnered a strong following for her intellectual offering to corporate and financial institution clients in the region. Her comments are frequently quoted by local and international media.
Betty holds dual-master’ degrees in Economics at Peking University and in Finance at the University of Hong Kong.
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