External broker reports(aggregated public sources), ABN AMRO

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External broker reports(aggregated public sources)

China's Stimulus Rollout Shows Signs of Gaining Steam

Macroeconomics

<ul><li>Last Monday, China’s GDP growth numbers for Q2-2023 were published.</li><li>In line with consensus expectations including ours, quarterly growth slowed significantly, while annual growth accelerated.</li><li>Quarterly real GDP growth dropped from the reopening pace of 2.2% qoq s.a. in Q1 to 0.8% in Q2, confirming that the reopening rebound in services/consumption is fading and that headwinds from the slowdown in the global demand for goods and the domestic property sector have intensified. </li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Last Monday, China’s GDP growth numbers for Q2-2023 were published.In line with consensus expectations including ours, quarterly growth slowed significantly, while annual growth accelerated.Quarterly real GDP growth dropped from the reopening pace of 2.2% qoq s.a. in Q1 to 0.8% in Q2, confirming that the reopening rebound in services/consumption is fading and that headwinds from the slowdown in the global demand for goods and the domestic property sector have intensified. Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

China - More targeted support on the cards