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China: Easing Underway…but Will It Move the Needle on Where It Counts?
Macroeconomics192 Views, 17 Jan 2022 23:15
Nigel has highlighted this Insight as a Top Pick EXECUTIVE SUMMARY
- Looking beyond today’s better-than-expected GDP data, China’s economy is facing swelling headwinds.
- Consumer spending is weak, the property sector shakeout persists, and covid-related restrictions are beginning to cause supply chain problems.
- More stimulus will be needed, today’s tepid monetary easing and other measures taken so far will not suffice.