More policy support needed for Chinese households: experts

During FA’s 5th China Fixed Income Summit, senior directors from AXA Investment Managers, Ping An Asset Management and Fitch, discussed how confidence in both the property sector and private economy could be rebuilt in 2024.

The Chinese government needs to do more to support its domestic economy in the upcoming year, investors said during a panel discussion at the 5th China Fixed Income Summit held last week in Hong Kong.

Ecaterina Bigos, chief investment officer CIO, core investments Asia ex-Japan, AXA Investment Managers, said that the two greatest challenges for the world’s second-largest economy come from a weak domestic economy and crises in the property market.

“The revenge consumption people had imagined post-pandemic did not materialise in China due to a lack of fiscal support during lockdowns,” she said. “The subdued trend is further manifested in the property market.”

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