ASR in Barron’s: ‘More trouble for China’
Ella Rathgeber
29th AUG. 2023
Barron’s recent article talks about China’s ongoing economic challenges. In particular, households’ reluctance to spend, in preference of saving.
This is largely attributed to the ‘lack of confidence among citizens about their current financial situations’.
‘Good luck with turning that around, most analysts say, as a wobbly property market is only making people more nervous and government efforts to boost consumption have been mis-targeted and insufficient, when they aren’t simply absent.’
ASR’s Emerging Markets Economist, Adam Wolfe, says “Boosting consumption may be the best solution, but the government’s plans to do so don’t seem credible”.
· To read Barron’s article in full, please see: HERE
· For more insight on this topic, see: Can China pivot to consumption?
· ASR clients can read Adam’s latest report on: China opts for bank profits over rate cuts
· If you are interested in a free trial of our research, please see: HERE
