While China's housing market and exports are down, its consumption figures look to be improving and there are bright spots in the renewable energy and semiconductor sectors, says China research analyst Chen Long. A huge stimulus is unlikely to be in the offing, as Beijing still seems convinced that a more organic rebound, while slow and gradual, is better than a quick, policy-driven one.
Economy
China research analyst Chen Long gives a positive assessment of China’s economic prospects in 2023, pointing out that the swift U-turn on Covid policies may wreak havoc in the short-term, but be the catalyst to drive economic growth in the Year of the Rabbit. Variables are looking favourable, with the consumer spending and housing sector showing potential, and government policies going in the right direction.