Professor AnalysisDecember 12, 2023
The meeting of the Chinese Communist Party’s Politburo decided upon a number of priorities and set out guidelines for economic policy directions for the second half of 2023. Of particular interest to the market, were the directives related to boosting consumption, supporting private enterprise and stabilizing real estate, employment, local debt, capital markets and exchange rates, among other issues. The meeting effectively acknowleged the various challenges and difficulties facing China’s economy, including a lack of domestic demand, the operational difficulties facing some enterprises, growing risks in key sectors and a complex and severe external enviornment. But while the economic recovery […]
