Beijing's Durable Policy Shift to Bolster China Growth Expectations — Market Talk
2024-12-13
Category: economic

The Chinese leadership's latest set of policy promises will provide a more durable boost to the economy and markets, says Andrew Batson from Gavekal Dragonomics. "It would be wrong to think that more stimulus is only being held in reserve as an emergency measure," he says in a note to clients when commenting on the just-concluded Central Economic Work Conference. It's significant that the government has decided to pre-commit to more supportive policies for next year as trade-war shocks loom and despite economic data showing signs of improvement, he says. "Such a durable policy shift should go a long way toward bolstering growth expectations for China," Batson says. (singaporeeditors@dowjones.com)