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Despite concerns about China’s economy and markets, some prominent strategists and fund managers are optimistic about the prospects for Chinese stocks. There is a sense that the economy has stabilised amid the property sector’s struggles, Chinese shares are affordable and parts of the market have proven resilient.
Frankness about the nature of the difficulties an economy faces is a virtue, and it can benefit everyone from policymakers to employers and jobseekers. It is better to be transparent with the data as not doing so could make economic recovery harder than it otherwise might have been.
The world must face the reality that China’s property sector is not the biggest economic threat and the chance of ‘soft landings’ elsewhere is just an illusion. Legacies of past monetary and fiscal excesses and present economic systemic fragmentation will undermine major economies.
BEIJING (Reuters) -China's property sector worsened in November as negative home buyer sentiment and indebted developers drove down sales and investment, while broader retail sector activity missed forecasts as recent stimulus struggled to revive demand. While the Asian giant grew faster-than-expected in the third quarter, domestic demand has remained tepid and manufacturers have had to discount prices to find buyers. A flurry of policy support measures have proven only modestly beneficial, raising pressure on authorities to roll out more stimulus as analysts say different parts of the ...
The economy has yoyoed in the past few years, with growth ranging from 2.2% in 2020 to 8.4% in 2021 and 3% last year. Stringent limits on travel and other activities during the pandemic hit manufacturing and transport. Job losses due to those disruptions and to a crackdown on the technology sector, combined with a downturn in the property industry, have led many Chinese to tighten their purse strings.