We believe the economy will continue to stabilize and maintain a recovery trend in the fourth quarter,
In September, most of the indicators in production and demand improved while market expectations were boosted,
Future policies will need to continue to sharpen their focus on boosting consumer confidence,
Given the recently announced stimulus measures, I'm confident that economic growth is likely to accelerate in the fourth quarter, which is likely to boost full-year 2024 growth above the 5.0 percent level."
I think the market is still waiting for the details, but of course one more thing we can hope to see is more measures to support domestic demand, in particular consumption,
One of the key challenges right now is how China is going to rebalance the supply and the demand,
I think some of the details are still quite encouraging,
The big concern is whether the momentum of the sliding down of the economy will be reversed,
Local governments are now shrinking because they are pushed to pay back their debt,
Generally speaking, the national economy was generally stable with steady progress in the first three quarters, and the effects of policies continued to manifest with major indicators showing positive changes recently,
Let’s be honest, though – China’s property mess isn’t something that can be patched up with a few speeches and half-baked measures,
We are waiting for more clarity on the fiscal stimulus,
The national economy showed positive signs of growth in September,
Since real GDP expanded by 4.8% in the first three quarters of the year, the full-year GDP growth target of around 5% is now within reach with extra stimulus in Q4,
Despite the multitude of challenges, China’s economy is not incurable as some would suggest,
As the briefing rolled on, it was clear: traders were not thrilled,
Fluctuations of the GDP growth are modest changes around the expected target,
I think they are really trying to underpin growth,
The market is in a bad-news-is-good-news mode, as weak data implies more stimulus ahead,
We expect the policy coordination between monetary and fiscal policy will be stepped up in the following quarters. This should cushion the downside risks in the economy,