China’s economy is facing challenges such as deflation, a housing market slump, and a stock selloff as it enters the lunar Year of the Dragon.
The government’s stimulus policies don’t seem to be improving sentiment, and there is a lack of focus on growth in government policy.
The country’s GDP growth is the slowest in almost four decades, and the GDP deflator has fallen for three consecutive quarters.
The property market crisis is a major factor affecting the economy, as construction represents a significant portion of GDP.
Calls for more stimulus have been made, but the government’s efforts have been relatively small-scale and focused on construction rather than households.
Confidence among households and businesses remains low, likely due to various factors such as the housing slump, pandemic restrictions, and US-China tensions.
The outlook for China’s economy and stock market remains uncertain, with concerns about the property market and the potential impact of a Donald Trump reelection.
Overall, the government needs to focus on promoting growth and restoring confidence in order to address these economic challenges.
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