2024-11-08 22:55
In der IndustrieChina's latest stimulus falls short of expectation
China's latest stimulus package underwhelms as investors had higher expectations following Trump's election win. Despite over 10 trillion yuan announced to boost the economy, markets are disappointed, amplifying concerns around Sino-U.S. tensions and trade barriers.
Finance Minister Liu Kun assures more stimulus will follow. China's 2023 growth targets hinge on consumer support amidst a property market slump and waning confidence. The blue-chip CSI 300 index is still trailing the Hang Seng Index.
Trump's hardline trade stance on China, including high tariffs, could strain future ties. Analysts foresee China fortifying economic defenses to navigate this new landscape. Opportunities may arise for a more trade-focused U.S. administration but with caution.
#Forex #MarketUpdate #ChinaEconomy #TrumpPolicies #TradeWar
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China's latest stimulus falls short of expectation
Hong Kong | 2024-11-08 22:55China's latest stimulus package underwhelms as investors had higher expectations following Trump's election win. Despite over 10 trillion yuan announced to boost the economy, markets are disappointed, amplifying concerns around Sino-U.S. tensions and trade barriers.
Finance Minister Liu Kun assures more stimulus will follow. China's 2023 growth targets hinge on consumer support amidst a property market slump and waning confidence. The blue-chip CSI 300 index is still trailing the Hang Seng Index.
Trump's hardline trade stance on China, including high tariffs, could strain future ties. Analysts foresee China fortifying economic defenses to navigate this new landscape. Opportunities may arise for a more trade-focused U.S. administration but with caution.
#Forex #MarketUpdate #ChinaEconomy #TrumpPolicies #TradeWar
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