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Signs of smoother communication between both geopolitical heavyweights could provide a slight lift to markets, but moves will likely remain muted, analysts say.
China's leaders, determined to upgrade manufacturing, are steering money toward makers of high-tech products, from semiconductors to EVs, raising fears that overcapacity will fuel a new wave of cheap exports. Lending data from China's central bank offers a glimpse of government priorities: as of the end of September, outstanding loans to the troubled property sector fell 0.2% year-on-year but lending to the manufacturing sector jumped 38.2%. Economists caution that this wave of investment differs in key respects from an earlier capital investment surge that, among other effects, in...
China's leaders, determined to upgrade manufacturing, are steering money toward makers of high-tech products, from semiconductors to EVs, raising fears that overcapacity will fuel a new wave of cheap... -November 12, 2023 - MarketScreener
Trading partners alarmed, especially in Europe where probe into Chinese EV subsidies is underway
China's leaders, determined to upgrade manufacturing, are steering money toward makers of high-tech products, from semiconductors to EVs, raising fears that overcapacity will fuel a new wave of cheap exports. Lending data from China's central bank offers a glimpse of government priorities: as of the end of September, outstanding loans...