Oct 10 2024 10 mins 32
Interest rate cuts, reduced down-payment requirements for mortgages and media reports of the re-capitalisation of banks – are just a handful of the policy changes the Chinese government announced in its recent stimulus package to get the $18trn economy moving.
Chinese financial markets have initially reacted positively, with the Shanghai Composite Index and Hong Kong Stock exchange soaring on the news. And with additional measures expected, markets seem poised to benefit from further momentum.
In episode 65 of The Flip Side, Global Chairman of Research Ajay Rajadhyaksha and Head of Asia Cross-Asset Strategy Kaan Singh discuss the stimulus policies and consider whether they are large enough to reinvigorate China’s economy or simply ‘window dressing’ tactics.
