China is facing challenges from deflation pressures and the property crisis as the year begins, with disappointing data on home prices and a measure of broad price changes suggesting deflation remains stubborn. Investors are underwhelmed by policies to maintain economic momentum.
China is still contending with major challenges from deflation pressures and the property crisis as the year kicks off, with investors underwhelmed so far by policies to keep economic momentum going. Data released Wednesday presented a mixed bag for the world’s second-largest economy, which hit an official growth target for the year but has failed to shake off several of the problems most persistently weighing on domestic demand and confidence.
A slew of indicators for home prices and property-related spending disappointed, while a measure of broad price changes suggested deflation remains stubborn. “China’s economic data continues to point at stable consumption and services, but with seemingly never-ending challenges in real estate,” said Gary Ng, senior economist at Natixis SA. “Although the macro picture looks somewhat resilient, it is increasingly a glass half-full or half-empty question for households, corporates and investors in 2024.” The MSCI China gauge and the Hang Seng Index both dropped for a fourth day, with global funds worried about a structural slowdow
China Deflation Property Crisis Economic Momentum Domestic Demand Confidence Home Prices Broad Price Changes Stable Consumption Real Estate Challenges Investors 2024 MSCI China Gauge Hang Seng Index Global Funds Structural Slowdown
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
China Evergrande Group: From Dream to NightmareThe story of China Evergrande Group's epic crash and its impact on everyone in China
Read more »
China urges US to stop supporting Philippines in South China SeaChina warns the US to stop supporting the Philippines' actions in the South China Sea and calls for regional peace and stability. The administration of President Ferdinand Marcos Jr. is praised for its efforts in ending armed conflict in the country.
Read more »
China's Continued Harassment in the South China SeaThe Philippines has experienced a decade of bullying and harassment by China in the South China Sea, and the Armed Forces of the Philippines predicts that the situation will worsen in the new year.
Read more »
China and US Conduct Rival Patrols in South China SeaChina and the US have raised tensions in the South China Sea by conducting rival patrols in the disputed waters, supporting conflicting territorial claims. Recent incidents involved Chinese coast guard vessels using water cannons or lasers on Filipino boats.
Read more »