The writer is chief China economist and head of Asia economics at UBS Investment Research, and author of ‘Making Sense of China’s Economy’
After a promising start, China’s economic recovery has waned in the past two months. Investors have been disappointed by the lack of policy responses, with some questioning whether China’s government still cares about economic growth. In the past week or so, hope has grown for a major stimulus package. What should we expect?
I believe the government does care about growth and will intervene to stabilise the economy and the property market when necessary. Given the recent sharp deterioration in economic momentum, the time is ripe for action.
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