bullish
Will Xi Fire the Stimulus Cannon?
257 Views14 Aug 2023 21:36
SUMMARY
- The Chinese Politburo, executive committee of the CCP, gathered for their quarterly meeting on economic affairs on July 23rd.
- While the readout from the meeting suggested that the CPP remained confident that China would reach its relatively modest target of 5% GDP growth for 2023, the tone was markedly more pessimistic than April’s meeting.
- With sluggish domestic demand and youth unemployment surpassing 20%, last week’s readout was noticeable for admitting to “new challenges” for the Chinese economy.
Begin exploring Smartkarma's AI-augmented investing intelligence platform with a complimentary Preview Pass to:
- Unlock research summaries
- Follow top, independent analysts
- Receive personalised alerts
- Access Analytics, Events and more
Join 55,000+ investors, including top global asset managers overseeing $13+ trillion.
Upgrade later to our paid plans for full-access.
or
Already have an account? Sign In Now
Discussions
(Paid Plans Only)
Top Quartile
Steno Research
Macro and Geopolitical Research House
- China’s Economic Woes Will Prompt a Ramp-Up of Measures22 Aug 2023
- FX Nugget: Can the PBoC defy gravity? 7.30 watch18 Aug 2023
- Investment Screening: Why Biden’s Order is Actually a Good Sign for US-China Relations15 Aug 2023
- What Does New 2023 Growth Targets Signal About Xi’s Priorities07 Mar 2023
- India Watch: Why India Suffers when China Is Open for Business03 Feb 2023
x