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“The China equity trade is back.” Or at least so says Société Générale, which reckons Beijing’s recent efforts to fix the property crisis has moved Asia’s biggest economy beyond the “confidence crisis” that dominated China’s market narrative in 2023.
China’s property crisis is back in global headlines for all the wrong reasons as Asia’s biggest economy goes wobbly.
China reported higher-than-expected export growth in May of 11.2% in RMB terms and 7.6% in terms of US dollars year-on-year, indicating that the country is like to meet the government’s 5% growth target for 2024.
TOKYO — It’s hard to miss the time-warp dynamic surrounding the US-China trade war as it intensifies in real-time.
Economists already think China’s latest plan to end its property crisis is too little, too late – again.
China’s gross domestic product (GDP) data is taking a backseat to strong tech company results that some reckon signal better days ahead for Xi Jinping’s mainly underperforming economy.
The global economy is a very different place today than it was five years ago, when Chinese leader Xi Jinping last visited Europe.
As Chinese leader Xi Jinping works to increase the yuan’s role in global trade and finance, he’s encountering an unexpected speed bump: mainland companies.