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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