From CNBC: 2024-05-14 20:16:48

China’s economy facing sluggish growth, with indicators pointing to potential need for monetary policy easing. First ultra-long bond issued as part of plan for 1 trillion yuan for strategic projects. Businesses experiencing slow demand, with loans declining, while M2 money supply grows at slowest pace on record. Potential for further rate cuts by central bank._exports still growing amidst rising trade tensions, but real estate market remains a major drag on economy. More cities easing purchase restrictions, but primary residential market expected to shrink by 16% this year. Investors awaiting government meeting in July for economic policy signals. PBOC considering policies to stabilize property market.

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