bullish

China's Stimulus Rollout Shows Signs of Gaining Steam

303 Views01 Aug 2023 14:12
SUMMARY
  • Worried by a worsening economy, Beijing is expanding stimulus measures with incentives to consumers to buy big-ticket items and assuaging private entrepreneurs’ fears of policy biases against them.
  • Tentative moves to loosen hukou restrictions in Zhejiang suggest a newfound willingness to tackle politically-sensitive reforms to bolster long-run growth.
  • Policymakers’ hopes seem to be for a better-managed but slower pace of growth that is in line with China’s demographic and other fundamentals.
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Manu Bhaskaran
Asia Economist and CEO
Centennial Asia Advisors
Multi-AssetMacroeconomicsThematic (Sector/Industry)
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