China's economy stabilizing with incremental stimulus, but no big stimulus expected soon

From Investing.com: 2024-05-20 00:26:07

China’s economy shows signs of stabilization with incremental stimulus efforts continuing. April readings indicate a recovery in business activity driven by export demand. Morgan Stanley predicts second quarter GDP to meet 5.5% estimate. Uneven recovery highlighted by a big miss on data and sluggish consumption. Expectations for incremental fiscal spending and support for property market. Chinese stock markets rebound but rally slows due to economic imbalance. Despite recent strength, economy expected to grow less than government forecasts at 4.5%.



Read more at Investing.com: Don’t expect a China stimulus ‘bazooka’ soon- Morgan Stanley By Investing.com