bullish

China Economics: Is Beijing Finally Abandoning Policy Inaction?

606 Views11 Oct 2024 11:47
SUMMARY
  • Beijing’s latest policy announcements show that it is no longer content with a managed slowdown. They are now committed to more energetic policy support for the economy.
  • Given the slowdown's entrenched roots, partly due to Beijing’s prior reluctance, we do not think that the current package alone will turn things around.
  • But with Beijing taking the cyclical slump more seriously, further support measures are likely, which, cumulatively, may be sufficient to stabilize short-term economic conditions.
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